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FEDERAL EXPRESS EXPANDS NEXT-DAY EUROPE TO U.S.A. SERVICE

 BRUSSELS, Belgium, Jan. 15 /PRNewswire/ -- Federal Express Corporation (NYSE: FDX) announced today a series of enhancements to its European express product line, which continue the company's emphasis on its International Priority and International Expressfreight services.
 Beginning March 1, the company will offer later collection times in a number of key markets. Collection times will expand by as much as two hours in France and Italy, and up to one and a half hours in Switzerland. At the same time, the company will add an express package and freight service to and from Scotland, with a daily service operating from its facilities at Prestwick airport. The company will continue to offer the fastest service to more of the North American continent through its Expressfreighter network.
 The market for slower traditional air freight remains unprofitable for all-cargo carriers, thus providing even more support for Federal Express' emphasis in the express market segment. Therefore, the company will be adjusting its schedules, equipment, facilities, and personnel in several markets to accomplish these enhancements.
 Wide-bodied DC-10 aircraft will be serving Prestwick, London- Stansted, and Paris-Charles De Gaulle airports. Narrow-bodied 727 aircraft will replace wide bodied flights connecting Frankfurt, Cologne and Milan-Malpensa to the flight out of Paris. A Fokker F-27 aircraft will be used to connect Switzerland to Paris. This will better match capacity to the market demand for the company's express services.
 To adjust for changes in terminal operations and aircraft types, there will be an unavoidable minor reduction in the number of employees in certain countries in Europe, while there may be new jobs created in others. In addition, terminal operations at London-Heathrow are being partially relocated to London-Stansted to connect with the company's long-standing express operation there.
 Commenting on these enhancements to Federal Express' European services, Kenneth R. Newell, senior vice president of Europe and Africa, said: "We have been more than pleased with the customer response to our express services, both for packages and freight. These actions reflect our continued commitment to the express package and freight market in Europe. The marketplace is moving quickly towards high-quality, time-definite modes of transportation, and we think our range of express services makes us well positioned to respond to the needs of our customers."
 Federal Express, based in Memphis, Tenn., is the world's largest express transportation company, providing time-definite services for more than 1.6 million items to 180 countries each working day. The company has more than 90,000 employees, operates 457 aircraft, and 31,000 computer and radio-equipped vehicles.
 Federal Express and Federal Express Business Logistics employ over 5,500 people in approximately 100 locations throughout Europe, situated in the U.K., Netherlands, Belgium, France, Switzerland, Germany and Italy.
 -0- 1/15/93
 /CONTACT: Tom Martin, 901-395-3490, Brandon Davis, 901-395-3755, in Europe, Cliff Morley, 44-203-343333, or Caroline Van Rennes, 49-6107-796102, all of Federal Express/
 (FDX)


CO: Federal Express Corporation ST: Tennessee IN: TRN SU: PDT

TS-LR -- NY015 -- 5255 01/15/93 09:49 EST
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Publication:PR Newswire
Date:Jan 15, 1993
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