FedEx Freight Enhances Service Between U.S. Mainland and Puerto Rico


Leading LTL carrier offers shipping solutions for customers employing fast-cycle logistics in this growing market

MEMPHIS, Tenn., June 29, 2005 ... FedEx Freight, a subsidiary of FedEx Corp. (NYSE: FDX), today announced an enhanced ocean less-than-container load (LCL) service between the United States mainland and Puerto Rico.

"FedEx Freight now brings its value proposition of speed, precision and reliability in the less-than-truckload industry to ocean freight service connecting Puerto Rico and the U.S. mainland," said Douglas G. Duncan, president and CEO of FedEx Freight. "We're providing this market with seamless shipping solutions for customers operating fast-cycle logistics."

Caribbean Transportation Services - another FedEx Freight operating company - will provide operational support for the new LCL service in Puerto Rico. Caribbean Transportation Services is the leading provider of airfreight forwarding services between the United States and Puerto Rico.

The enhanced FedEx Freight service provides greater visibility for shipments moving between the U.S. and Puerto Rico, one source for customer service, and electronic and pre-arrival tax clearance.