MEMPHIS, Tenn. - (BUSINESS WIRE) - FedEx Corp. (NYSE: FDX) today announced that earnings for the fourth quarter ending May 31, 2008 are expected to be in the range of $1.45 to $1.50 per diluted share, compared to the previous forecast of $1.60 to $1.80.

“Since we provided earnings guidance for the fourth quarter in March when the crude oil price was slightly above $100 per barrel, our estimated fuel costs for the quarter have increased more than 7 percent, or $100 million from our previous estimate, and the weak economy has restrained demand for U.S. domestic express package and LTL freight services,” said Alan B. Graf, Jr., FedEx Corp. executive vice president and chief financial officer. “While we have dynamic fuel surcharges in place, they cannot keep pace in the short-term with rapidly rising fuel prices. This revised outlook assumes no additional increases to the current fuel price environment and no further weakening of the economy.”

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 $37 billion, the company offers integrated business applications 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 290,000 employees and contractors to remain "absolutely, positively" focused on safety, the highest ethical and professional standards and the needs of their customers and communities. For more information, visit news.fedex.com.

Certain statements in this press release may be considered forward-looking statements, such as statements relating to management's views with respect to future events and financial performance. Such forward-looking statements are subject to risks, uncertainties and other factors which could cause actual results to differ materially from historical experience or from future results expressed or implied by such forward-looking statements. Potential risks and uncertainties include, but are not limited to, economic conditions in the global markets in which we operate, legal challenges or changes related to FedEx Ground’s owner-operators, new U.S. domestic or international government regulation, the impact from any terrorist activities or international conflicts, our ability to effectively operate, integrate and leverage acquired businesses, the impact of changes in fuel prices and currency exchange rates, our ability to match capacity to shifting volume levels and other factors which can be found in FedEx Corp.'s and its subsidiaries' press releases and filings with the SEC.

Xiamen, May 7, 2007 – FedEx Express (FedEx), a subsidiary of FedEx Corp. (NYSE: FDX) and the world’s largest express transportation company, today joined hands with Safe Kids to launch the Safe Kids Walk This Way program in Xiamen at Jimei Primary School.

“FedEx has been very happy with the operational and environmental performance of the FedEx hybrids. We continue to look for opportunities to introduce more fuel efficient vehicle models, including hybrids, into our fleet,” said John Formisano, vice president of Global Vehicles, FedEx Express.

FedEx Corp. Donates $1 Million to Teach for America

FedEx Corp. today awarded a four-year grant totaling $1 million to Teach For America to support its goals to grow in scale and diversity. Teach For America is the national corps of top college graduates who commit two years to teach in urban and rural public schools and become lifelong leaders in expanding educational opportunity for all children.

Socioeconomic challenges in low-income communities—such as inadequate housing, healthcare, and preschool opportunities—limit children’s educational prospects: Only half of the 13 million U.S. children growing up in poverty will graduate from high school. Children of color, who are three times as likely to grow up in low-income and under-resourced communities, are disproportionately affected by this educational inequity. Yet Teach For America teachers see evidence every day, in classrooms across the country, that when students in low-income communities are given the educational opportunities they deserve, they excel.

FedEx Hybrid-Electric Fleet Passes 3.2 Million Kilometers

Frankfurt am Main, April 29, 2008 – FedEx Express, a subsidiary of FedEx Corp. (NYSE: FDX) announced that its hybrid truck fleet has surpassed 3.2 million kilometers, or more than two million miles of revenue service.

On average, the FedEx Express hybrid vehicles improve fuel economy by 42 percent, reduce greenhouse gas emissions by approximately 30 percent and cut particulate pollution by 96 percent.

FedEx was the first company to make a long-term commitment to introduce hybrid-electric delivery trucks into the market and continues to work with vehicle manufacturers to develop and trial hybrid technology in commercial settings.

With 10 new hybrid vehicles to be introduced into its European operations in June, FedEx Express is making strategic investments in projects that will help drive the development of new innovative technologies for the industry.

FedEx is committed to effective environmental management through investment in new technology and making its infrastructure and operations more efficient.

The FedEx Express hybrid vehicles are part of a broader sustainable transportation strategy, which includes the use of cleaner-technology vehicles, efficient-sized vehicles, optimized route restructuring and new fuel-efficient aircraft. In addition, FedEx Express is a founding member of CAREX, an association which promotes the development of a high-speed freight rail network within Europe, using existing rail links to deliver express cargo to Europe’s major trade points, thus reducing noise and carbon emissions.

“FedEx is committed to new technologies that provide a real option for businesses and consumers in today's market and has been working with vehicle manufacturers since 2000 to test, develop and deploy hybrid technology for commercial use,” said David Slipper, vice president of Planning, Engineering and Operations for the FedEx Express EMEA region.

“We continue our work with manufacturers to bring hybrid-electric vehicles that are clean, affordable and widely available to market because the benefits will make sense for the environment and business,” said Mitch Jackson, director of Environmental Affairs and Sustainability, FedEx Corp.

About FedEx Express

FedEx Express is the world's largest express transportation company, providing fast and reliable delivery to more than 220 countries and territories. FedEx Express uses a global air-and-ground network to speed delivery of time-sensitive shipments, by a definite time and date with a money-back guarantee.

About FedEx Corp.

FedEx Corp. (NYSE: FDX) provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services. With annual revenues of $37 billion, the company offers integrated business applications 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 290,000 employees and contractors to remain absolutely, positively focused on safety, the highest ethical and professional standards and the needs of their customers and communities.

For more information, visit news.fedex.com.

Contact: Felix Ullmann, ergo Kommunikation, Tel.: +49 (0)221-91 28 87-26, Fax: +49 (0)221-91 28 87-76, E-Mail: fedex@ergo-pr.de

FedEx hybrid development history

In 2000, FedEx Express and the Environmental Defense Fund (EDF) began working together to develop the next-generation delivery vehicle. Three years later, the two organizations worked with Eaton Corporation and Freightliner Custom Chassis Corporation to introduce the first available commercial hybrid delivery truck into service. The project has been recognized by the Environmental Protection Agency, Harvard University and WestSTART-CALSTART for its role in spurring hybrid truck advancements.

Throughout this time, FedEx and EDF have worked together to encourage more companies to purchase and develop alternative-energy trucks. FedEx and EDF have also been advocates for additional government incentives at the national, state and local levels to offset the higher capital costs of cleaner vehicles while the market is developing.

The global FedEx hybrid fleet uses hybrid systems from four different manufacturers – Iveco, Eaton Corporation, Isuzu, and Azure Dynamics, demonstrating the growing diversity of suppliers among the hybrid truck market.

Additional FedEx Hybrid vehicles

· FedEx operates the largest fleet of commercial hybrid trucks in the United States, and is expanding its commitment to clean-vehicle technology by placing an additional 75 hybrid vehicles into service across Europe and the United States. With the additional vehicles, FedEx will operate more than 170 hybrid vehicles around the globe.

· Among the 75 new hybrids, 20 will use an Azure Dynamic hybrid system and a Ford gasoline engine and chassis, which will be one of the first gasoline hybrid-electric delivery trucks in commercial use.

FedEx efficiency on the ground and in the air

FedEx continuously seeks to improve efficiency in its vehicle and aircraft fleets to lessen its environmental impact and save energy.

During the past five years, FedEx has worked to optimize its delivery routes to ensure that the most efficient-sized vehicle is in use on each route. As a result of these efforts, more than one-fourth of the FedEx fleet has been converted to smaller, more fuel- efficient vehicles, saving more than 50 million gallons of fuel. The 3.2 million kilometers (or more than two million miles) helped to eliminate 950 tons of greenhouse gas emissions.

· FedEx Express has 38 Mercedes Sprinter vehicles operating on liquefied petroleum gas (LPG) in London and 2 Compressed Natural Gas (CNG) vehicles operating in Venice and Milan.

· FedEx Express has a total of more than 250 LPG and electric-powered ground support equipment in use at the CDG hub in Paris and other operational facilities across Europe. Another 70 are on order.

· FedEx Express is beginning an upgrade to its air fleet by replacing narrow-body aircraft with Boeing 757 planes that lessen the environmental impact — reducing fuel consumption up to 36 percent while providing 20 percent more capacity.

· FedEx Express will also acquire Boeing 777 aircraft that provide greater payload capacity using 18 percent less fuel than planes in our current international fleet. These replacements will also significantly reduce carbon emissions.

FedEx Hybrid-Electric Fleet Surpasses Two-Million-Mile Mark

FedEx Kinko’s Survey Finds Small Businesses Concerned about Economy

FedEx Kinko’s, an operating company of FedEx Corp. (NYSE: FDX), today released the results of its national “Signs of the Times” small business survey, which found 89 percent of those small business owners polled were moderately to very concerned about the current economy’s impact on their business. Despite concerns, decreasing their marketing and advertising budgets is not a likely course of action. In fact, 92 percent of survey respondents say they will either keep their spending the same or increase it this year.

FedEx Kinkos Survey Finds Small Businesses Concerned about Economy

Canada Post and FedEx Express Canada Set to Launch New International Express Service

FedEx Newsroom -

America's Truckers Roll Out A Convoy Of Green
With diesel prices hitting $4.15 per gallon, the trucking industry gets conservation-minded.

UPS Manages Expectations
Shareholders seem willing to look beyond second-quarter warning.

UPS Investors Wait For Delivery
Shareholders seem willing to look beyond second-quarter warning.

Waiting For UPS
Investors seem willing to look beyond Q2 warning.

Sponsor's Content: The Bottom Line on Sustainability
Research indicates a clear connection between a company's sustainability practices and the price of its shares. What's not so apparent is whether it's just a feel-good idea or actually good for cash flow.

Forbes Beltway Index: Who's Cheap?
We survey the Forbes Beltway Index to find companies selling at discounts or premiums to valuation history.

Citi Deal News, Boeing Delays New 787
This is a transcript of the Market Update: Midday video report.

FedEx Flies Through Stormy Weather
Stock seems to have already discounted stagflation ahead.

Street Soars Into Break
The U.S. market revved up on a stronger dollar, weaker commodities, and details from the Fed.

Week Ends On High Note
This is a transcript of the Market Update: Close video report.

Market Up After Earnings, Jobs Reports
This is a transcript of the Market Update: Open video report.

FedEx Bell Is Ringing Bearish
The courier is hit by high oil prices and a weak domestic economy.

Credit Suisse: The Woes Continue
This is a transcript of the Market Update: Open video report.

Credit Suisse, Citibank: Not Yet In The Clear
Credit Suisse registering loss for the first quarter; Nike benefits from overseas demand; FedEx profits slump on fuel costs, weakness in the economy.

Wall Street Rollercoaster Gets Another Ride Thursday
A seesaw week wraps up ahead of the Good Friday break, with a key piece of data looming.

Dow Tumbles Wednesday
This is a transcript of the Market Update: Afternoon Outlook

Brian P. Wynne
Electric Drive Transportation Association.

Big-Rig Hybrids
Quieter, cleaner trucks and buses will soon be rolling down our streets.

Signs Of A Bottom
The economy looks like it's in bad shape right now, but look closely and you might see greener pastures.

Living On The Graveyard Shift
Many jobs offer a financial premium for employees who work through the wee hours. But there are other benefits too.

Down But Not Out For This IT Outfit
Companies need to maintain their information technology, even in a recession. That's where Syntel fits in.

Congress Fuels Airline Merger Madness
Combinations that foster real value may now find lower hurdles to leap.

Logistics Index Remained Flat At 0%
The Forbes Digital Index for the week of Jan. 25, 2008 was flat at 0%, while the S&P500 went up 0.4 %.

Mike Feinberg
Co-founder, KIPP charter schools.

Investors Impressed By UPS
Package delivery company rises on analysts' upgrade.

Broker Action For Thursday, Jan. 10
This is a transcript of the Broker Action report.

Forbes.com: fdx
The latest Forbes.com news on the ticker fdx.

Week Ahead: Will Stocks be Boiled in Oil? (at CNBC)

[$$] FedEx Again Lowers Its Outlook (at The Wall Street Journal Online)

FedEx cuts 4Q profit forecast, blames fuel costs (AP)
FedEx Corp. cut its fourth-quarter earnings expectations Friday, blaming continuing increases in fuel costs. The Memphis-based shipping company said it expects profits of $1.45 to $1.50 per share for the three months ended May 31, down from its previous prediction of $1.60 to $1.80 per share.

FedEx lowers 4Q earnings on higher fuel costs (at bizjournals.com)

FedEx cuts profit forecast on fuel costs (Reuters)
Package delivery company FedEx Corp slashed its quarterly earnings forecast on Friday, blaming surging fuel prices and a drop in demand caused by the weak economy, sending its shares down 3 percent.

UPDATE - FedEx cuts profit forecast on fuel, dropping demand (at Reuters)

TradingMarkets 7 Stocks You Need to Know for Monday (TradingMarkets.com)
Stocks you need to know for Monday include American International Group, FedEx, Citigroup, and Sprint Nextel.

FedEx warns of lower profit, shares dip late (at MarketWatch)
FedEx Corp. warns that fourth-quarter earnings are poised to come up well short of prior targets, adding that if oil prices continue to rise from this point, there will likely be even more damage to the bottom line.

Four at Four: A Sour End to the Week (at The Wall Street Journal Online)

FedEx Cuts Profit Outlook, Citing Higher Fuel Costs (at CNBC)

FedEx Cuts Profit Forecast (at TheStreet.com)

Fuel prices flatten FedEx (at Fortune)
Fuel prices are killing FedEx . The Memphis, Tenn., freight company cutÃÂÂ its fourth-quarter earnings forecast, citing a 7% rise in fuel prices since it made its last projection back in March.

InPlay: FedEx lowers Q4 guidance, sees Q4 EPS of $1.45-1.50 (down from previous gudiance of $1.60-1.80) vs $1.69 First Call consensus (Briefing.com)

FedEx Corp. Revises Earnings Guidance (Business Wire)
MEMPHIS, Tenn.----FedEx Corp. today announced that earnings for the fourth quarter ending May 31, 2008 are expected to be in the range of $1.45 to $1.50 per diluted share, compared to the previous forecast of $1.60 to $1.80.

Up From Ground Zero (at Forbes.com)

Opening Glance: Rails, shippers fall as oil hits new record (AP)

America's Truckers Roll Out A Convoy Of Green (at Forbes.com)

Energy Sector Roundup: Oil, retail gas edge up to new highs (AP)
Following is a summary of top stories in the energy sector Thursday afternoon: Oil prices, gas at the pump rise to new records

Closing Glance: Rails rise as traffic up, shippers fall (AP)
Shares of railroads finished higher Thursday as the American Association of Railroads said freight traffic rose last week.

YRC Worldwide shares fall after analyst cuts to 'Sell' (AP)
Shares of YRC Worldwide Inc. dipped Thursday, after a Stifel Nicolas analyst cut the stock to "Sell" from "Hold," saying the trucking company still has a long road to travel before earnings will improve.

Yahoo! Finance: FDX News
Latest Financial News for FEDEX CORP

FedEx cuts 4Q profit forecast, blames fuel costs
MEMPHIS, Tenn. (AP) - FedEx Corp. cut its fourth-quarter earnings expectations Friday, blaming continuing increases in fuel costs.

FedEx lowers 4Q earnings on higher fuel costs
FedEx Corp. said Friday it was lowering its fourth quarter earnings due to the impact of rising fuel costs.

FedEx cuts profit forecast on fuel costs
BOSTON (Reuters) - Package delivery company FedEx Corp slashed its quarterly earnings forecast on Friday, blaming surging fuel prices and a drop in demand caused by the weak economy, sending its shares down 3 percent.

($) Dip Buyers Make Life Difficult for Bears
The end-of-the-week action wasn't as bad as it could have been, but it may just be a matter of time before we see some downside.

FedEx Corp. Revises Earnings Guidance
FedEx Corp. (NYSE: FDX) today announced that earnings for the fourth quarter ending May 31, 2008 are expected to be in the range of $1.45 to $1.50 per diluted share, compared to the previous forecast

Opening Glance: Rails, shippers fall as oil hits
NEW YORK (AP) - Shares of railroads and shippers opened lower with the broader market Friday, as the oil futures surged to a new record over $126 per barrel before pulling back a bit.

YRC Worldwide shares fall after analyst cuts to '
NEW YORK (AP) - Shares of YRC Worldwide Inc. dipped Thursday, after a Stifel Nicolas analyst cut the stock to "Sell" from "Hold," saying the trucking company still has a long road to travel before earnings will improve.

MSN Money News - FDX
News about Fedex Corp

FedEx Delivers for Mother's Day

With Mother’s day just days away, FedEx has ramped up operations to support one of its busiest times of the year. Millions of flowers and gifts will pass through its hubs as FedEx is ready to brighten the day for mothers across the nation and around the world.

FedEx Express expects to see the largest delivery volume of flowers, plants and gifts for moms on Friday, May 9. On May 9, FedEx Express couriers will make 20 times more domestic flower deliveries than on an average day. Hundreds of thousands of flower deliveries have traveled through major FedEx hubs and gateways in Memphis, Miami, Indianapolis and Oakland between Tuesday, May 6 and Friday, May 9 on their way to be delivered in time for Mother's Day.

FedEx, Safe Kids Team Up to Launch “Walk This Way” in Xiamen

Seven FedEx Drivers Earn Honors at the New Mexico State Truck Driving Championship

MEMPHIS – May 5, 2008 – Seven drivers representing FedEx Corp. (NYSE: FDX) operating companies placed among the winners at the 2008 New Mexico State Truck Driving Championship in Albuquerque on May 3.

Luis Hermida, a driver for FedEx Freight based in Lordsburg, captured the top spot in the Twins class. He also won the coveted Grand Champion title for achieving the highest score among the winners of each class.

Three FedEx Drivers Earn Honors at the Idaho State Truck Driving Championship

MEMPHIS – May 5, 2008 – Six drivers representing FedEx Corp. (NYSE: FDX) operating companies placed among the winners at the 2008 Idaho State Truck Driving Championship in Boise on May 2-3.

Matt Housley, a driver for FedEx Freight based in Boise, captured the title in the 3-Axle class. Housley also earned a perfect score in the Pre-Trip Inspection portion of the competition.
FedEx Freight driver Daryl Barnett, also domiciled in Boise, finished second in the Straight Truck class.
Rick Sebring, a driver for FedEx National LTL based in Mountain Home, took third place in the 4-Axle class.

Housley will go on to compete at the American Trucking Associations’ 2008 National Truck Driving Championships (NTDC), known as the “Super Bowl of Safety” August 20-23 in Houston. In addition, each state winner will be recognized by FedEx as part of its safe driving initiative, The Chairman’s Challenge.

FedEx IT Executive Receives 2008 Ones to Watch Award from IDG’s CIO Magazine and CIO Executive Council

Sherry Aaholm, executive vice president of Information Technology, FedEx Services, is a recipient of the 2008 CIO Ones to Watch awards from IDG’s CIO magazine and CIO Executive Council. This prestigious honor is bestowed upon 20 rising stars in information technology (IT) who bring leadership, innovation and value to their organization and are primed to become future CIOs. Ms. Aaholm will accept her award at the CIO Ones to Watch awards ceremony held on May 19, 2008, at The Sheraton Boston in Boston, Massachusetts during CIO magazine's Leadership Event.

Juan N. Cento Receives First-Ever “Corporate Generosity Leadership Award”

MIAMI, April 30 2008 - The International Kids Fund (IKF), along with United Way of Miami-Dade, honored Juan N. Cento last Wednesday in Miami. The award was created to honor a chief executive officer with a proven track record of generously supporting the Latin American and Caribbean community. IKF, a program dedicated to helping children throughout the world overcome serious illnesses, partnered with the United Way of Miami-Dade to create this special award.

FedEx Corp. Donates $1 Million to Teach for America

FedEx Hybrid-Electric Fleet Surpasses Two-Million-Mile Mark

MEMPHIS, Tenn., April 28, 2008—FedEx Corp. (NYSE: FDX) today announced a major milestone for its existing hybrid-electric truck fleet: more than two million miles of revenue service.

The hybrid trucks improve fuel economy by 42 percent, reduce greenhouse gas emissions by approximately 30 percent and cut particulate pollution by 96 percent.

FedEx Unveils the monthly winner of the Live to Win “Who Joins the Dinner” Campaign

HUNAN/LIAONING, April 28, 2008 -- Ever since FedEx Express (FedEx), a subsidiary of FedEx Corp. (NYSE: FDX) and one of the world’s largest express transportation companies launched China marketing campaign, Live to Win, in cooperation with China National Badminton team(CNBT), the initiative has been drawing great attention among the public. The campaign’s Web site has an ever-increasing click rate, with many people hoping to win the monthly “Who Joins the Dinner” Grand Prize. Today, FedEx China announced the latest Grand Prize winner – Mr. Wang Tu from Tieling, Liaoning Province won the unique opportunity to join the famous badminton champion, Bao Chunlai for dinner.

FedEx Kinko’s Survey Finds Small Businesses Concerned about Economy

iHaveNet.com: Your Single Source
Online News, Current Events & Articles

FedEx (NYSE: FDX) Stock and Company News

Single Source for FedEx Stock News plus Company News and Press Releases

FedEx Newsroom -

Forbes.com: fdx
The latest Forbes.com news on the ticker fdx.

Yahoo! Finance: FDX News
Latest Financial News for FEDEX CORP

MSN Money News - FDX
News about Fedex Corp

FedEx Newsroom -

Welcome to iHaveNet.com - See how efficient the web can be!
Your single source for Stock Market Headlines, Investment News and Market Commentary


NYSE: FDX	HOME \| WORLD \| USA \| BUSINESS \| WEALTH \| STOCKS \| TECH \| HEALTH \| LIFESTYLE \| ARTS \| SPORTS


STOCKS	HOME \| WORLD \| USA \| BUSINESS \| WEALTH \| STOCKS \| TECH \| HEALTH \| LIFESTYLE \| ARTS \| SPORTS


Welcome to iHaveNet.com - See how efficient the web can be! Your single source for Stock Market Headlines, Investment News and Market Commentary

iHaveNet.com: Your Single SourceOnline News, Current Events & Articles

FedEx (NYSE: FDX) Stock and Company News

Single Source for FedEx Stock News plus Company News and Press Releases

FedEx Newsroom -

Forbes.com: fdxThe latest Forbes.com news on the ticker fdx.

Yahoo! Finance: FDX NewsLatest Financial News for FEDEX CORP

MSN Money News - FDXNews about Fedex Corp

FedEx Newsroom -

Welcome to iHaveNet.com - See how efficient the web can be! Your single source for Stock Market Headlines, Investment News and Market Commentary

iHaveNet.com: Your Single Source
Online News, Current Events & Articles

Forbes.com: fdx
The latest Forbes.com news on the ticker fdx.

Yahoo! Finance: FDX News
Latest Financial News for FEDEX CORP

MSN Money News - FDX
News about Fedex Corp

Welcome to iHaveNet.com - See how efficient the web can be!
Your single source for Stock Market Headlines, Investment News and Market Commentary