MEMPHIS, Tenn. — FedEx Corp. (NYSE:FDX) announced today that its FedEx Express business unit has completed the acquisition of the logistics, distribution and express businesses of AFL Pvt. Ltd. (AFL) and its affiliate, Unifreight India Pvt. Ltd. (UFL). The acquisition further enhances FedEx Express international and India business offerings and continues a long-term commitment by FedEx to the growing Indian market.

“The addition of the AFL and UFL businesses to the FedEx Express network will provide customers with more comprehensive international and India domestic service options, such as air express, domestic ground, and value added-services, including warehousing, logistics solutions and 3PL,” said Michael L. Ducker, COO, FedEx Express. “With India being among the four biggest economies globally and predicted to be among the top three economies by 2020, it is a key market for investment. The growth of the Indian market is considerable and offers tremendous opportunity for all our customers wishing to explore new markets and open up additional revenue streams for their business.”

“With this transaction, FedEx Express will now provide all international services for AFL and UFL customers, who will have direct access to the FedEx international air and ground network in more than 220 countries and territories worldwide, enhancing their business flexibility and speed to market,” added Cyrus Guzder, Executive Advisor to FedEx Express, India.

Specifically, this acquisition will include:

The competed acquisition of the logistics, distribution and express businesses of AFL Pvt. Ltd. and its affiliate, Unifreight India Pvt. Ltd., will build upon an extensive and competitive FedEx network throughout India, which includes:

FedEx is committed to continuing to provide an excellent workplace environment. In June 2010, FedEx Express was ranked as one of the Top 25 Great Places to Work in India according to the Great Places to Work Institute India. In addition, on September 30, 2010, FedEx was awarded the Best Air Cargo Carrier of the Year at the 4th Express, Logistics & Supply Chain Awards.

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