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Fri, Nov 19, 2004

FedEx: First Among Cargo Airlines Worldwide

Trade Magazine Says FedEx Express Leads List Of Top 50 Cargo Airlines

FedEx Express has been named the best air cargo operation in the world, according to the magazine Air Cargo World. The trade publication has just released its "World's Top 50 Cargo Airlines" list.

For the second year in a row, the Air Cargo World report found that FedEx Express achieved the largest single share of the global air cargo market (10.6 percent), based on scheduled freight ton-kilometers (FTKs) flown during 2003. FedEx Express has ranked number one on this list since Air Cargo World created the ranking last year.

"FedEx Express' ranking at the top of Air Cargo World's 'World's Top 50 Cargo Airlines' for the second straight year underscores our ability to provide customers with unparalleled access to the global economy through our network," said Michael L. Ducker, executive vice president, International, FedEx Express. "We continue to expand our business and service offerings in response to our customers' needs, most recently receiving approval from the US Department of Transportation to more than double the number of flights FedEx operates to China."

The Air Cargo World rankings are based on 2003 data. In 2003, FedEx flew 13.32 billion total scheduled FTKs, a 2.5 percent increase from one year earlier and a notable 38.5 percent increase compared to FTKs flown in 1998.

FedEx Corporation continues to experience strong demand across its express, ground and less-than-truckload freight businesses as customers increasingly look to FedEx to manage a broader range of their transportation and supply chain needs.

FMI: www.fedex.com

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