Market Overview

FedEx Announces No Additional Residential Surcharges for Second Straight Holiday Season

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Peak Surcharges Updated on Shipments that are Oversized, Unauthorized
or Require Additional Handling

FedEx Corp. (NYSE:FDX) announced today that, for the second year in a
row, the company will not apply additional residential surcharges during
the holiday season, except for shipments that are oversized,
unauthorized or necessitate additional handling.

"FedEx delivers possibilities every day for millions of small- and
medium-sized businesses," said Raj Subramaniam, executive vice
president, chief marketing and communications officer, FedEx Corp. "We
are demonstrating our support for these loyal customers during this
critical timeframe by not adding additional residential peak surcharges,
except for situations where the shipments are oversized, unauthorized or
necessitate additional handling."

Peak surcharges for such shipments will be effective Nov. 19, 2018,
through Dec. 24, 2018. Details can be found here: fedex.com/peak-surcharge

FedEx Express and FedEx Ground also announced general changes to
surcharges on unauthorized shipments and some packages requiring
additional handling, effective Sept. 3, 2018. Details can be found here: fedex.com/rate-changes

FedEx is also updating certain fuel surcharge tables at FedEx Express
and FedEx Ground effective Sept. 10, 2018. Details of these changes will
be available on fedex.com
by Aug. 10, 2018.

Corporate Overview

FedEx Corp. (NYSE:FDX) provides customers and businesses worldwide with
a broad portfolio of transportation, e-commerce and business services.
With annual revenues of $65 billion, the company offers integrated
business solutions through operating companies competing collectively
and managed collaboratively, under the respected FedEx brand.
Consistently ranked among the world's most admired and trusted
employers, FedEx inspires its more than 425,000 team members to remain
focused on safety, the highest ethical and professional standards and
the needs of their customers and communities. To learn more about how
FedEx connects people and possibilities around the world, please visit about.fedex.com.

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