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Non-Tech : FedEx (FDX) -- Ignore unavailable to you. Want to Upgrade?

To: Bryce Elkins who wrote (415)	9/14/1999 10:31:00 AM
From: JakeStraw	Read Replies (1) \| Respond to of 524

FDX and SAP Join Forces to Develop First-Ever Suite of Complete Orchestrated Supply-Chain Solutions Alliance Will Combine SAP(TM) Advanced Planner and Optimizer(TM) and SAP Business Information Warehouse(TM) Solutions With FDX Supply-chain Execution Capabilities MEMPHIS, Tenn.--(BUSINESS WIRE)--Sept. 14, 1999-- FDX Corp. (NYSE: FDX - news), a $17 billion global supply-chain powerhouse, and SAP AG (NYSE ADR: SAP), the world's leading provider of inter-enterprise software solutions, have formed a strategic alliance to develop and market a first-ever ''one-stop'' portfolio of supply-chain planning, management and execution services. This total solution, announced today at SAPPHIRE '99, the SAP Americas annual customer conference, is planned to allow companies to outsource all or part of their supply-chain to a single provider, thus enabling them to concentrate on their core competencies while benefiting from cost-effective, globally synchronized distribution of their products. ''There is a growing industry demand for a single orchestrator who can analyze, streamline and manage the entire supply-chain,'' said Dennis H. Jones, executive vice president and CIO of FDX. ''The FDX/SAP total solution is planned to enable companies to improve their competitive performance by delivering products with more precision and by providing their customers with more accurate time and product availability estimates while reducing overall supply-chain costs.'' ''This alliance further underscores FDX's strategic intent to become the most compelling end-to-end supply-chain solution provider in the industry,'' added Jones. ''This strategic alliance with FDX is a perfect complement to the SAP extended supply-chain vision, carrying the solution all the way through distribution,'' said Kevin McKay, chief executive officer and president, SAP America, Inc. ''For companies to operate at peak efficiency and stay ahead of the competition, they must look beyond the enterprise and collaborate effectively throughout their supply chain. Through the mySAP.com(TM) collaborative business environment, the SAP(TM) APO(TM) solution, in conjunction with FDX capabilities, will provide companies with the most complete and easy-to-use solution available.'' This total solution, driven by FDX capabilities, is planned to offer the following: •Supply-chain Consulting, which will provide customers with a design of information-enabled streamlined business processes;•Supply-chain Planning and Monitoring, which will incorporate SAP Advanced Planner and Optimizer (SAP APO(TM)) solution and the SAP Business Information Warehouse(TM) (SAP BW(TM)) decision-support system, allowing companies to create integrated models of their internal and extended enterprise supply-chain processes and to use advanced planning and scheduling functions to manage their supply-chain planning processes effectively. This capability will enable entire supply-chain communities to participate in collaborative planning processes that may significantly reduce costs and increase revenue. The SAP APO and SAP BW solutions were released for general availability in 1998, and are significant components in the mySAP.com strategy to enable inter-enterprise visibility and collaboration capabilities in managing the supply-chain.•Supply-chain Execution Management Services, which will integrate FDX information services and coordination of operations capabilities to provide global synchronized distribution of products and orders. Other services include single point of access for supply-chain visibility, just-in-time facility management and global order management. Providing end-to-end solutions will be supported by the FDX e Supply-chain Services and FDX WorldWide Services groups in their work with selected accounts. The groups' primary roles are to analyze the supply-chain processes of FDX customers and identify and implement streamlined processes that reduce costs, improve cycle time and increase revenues with solutions that leverage state-of-the-art technology. Testing of the capability will begin later this month, with an expected rollout in mid-2000. SAP customers will be given a preview of its capabilities at this year's SAPPHIRE '99® conference in the FDX booth No. 901. FDX Corp., a $17 billion holding company, provides comprehensive transportation, logistics, e-commerce and supply-chain management solutions. FDX Corp. principal operating subsidiaries are Federal Express Corp., the world's largest express transportation company; RPS Inc., a business-to-business ground small package carrier; Viking Freight Inc., a less-than-truckload carrier operating principally in the western U.S.; Roberts Express Inc., a critical-shipment carrier; and FDX Global Logistics Inc., a contract logistics provider. SAP, SAPPHIRE, mySAP.com, SAP Advanced Planner and Optimizer, SAP APO, SAP Business Information Warehouse, SAP BW and all SAP product or service names herein are trademarks or registered trademarks of SAP AG. Other company and product names used herein may be trademarks of their respective owners. (c)Copyright 1999 SAP AG ------------------------------------------------------------------------ Contact: Federal Express Corp., Memphis Sally Davenport, 901/395-3466 sddavenp@fedex.com

To: Bryce Elkins who wrote (415)	9/16/1999 8:30:00 AM
From: JakeStraw	Read Replies (1) \| Respond to of 524

FDX Corp. Reports First Quarter Earnings MEMPHIS, Tenn.--(BUSINESS WIRE)--Sept. 16, 1999--FDX Corporation (NYSE:FDX - news) today reported earnings of $0.52 per diluted share for the quarter ended August 31, compared to $0.50 per share last year. FDX Corp., parent of Federal Express Corp. (FedEx) and RPS, Inc. (RPS), reported the following consolidated results for the first quarter: • Revenue of $4.3 billion, up 6% from $4.1 billion the previous year -- Operating income of $284 million, level with a year ago -- Net income of $159 million, up from last year's $149 million ''Year-over-year comparisons were difficult in the first quarter primarily due to higher fuel costs and declining hushkit sales with higher fuel prices negatively impacting operating income in the quarter by $27 million,'' said Executive Vice President and Chief Financial Officer Alan B. Graf, Jr. ''U.S. domestic average daily package volume at FedEx and RPS grew 3% and 4%, respectively, both below expectations for the quarter. U.S. domestic revenue per package for FedEx grew 2% over the same period last year while RPS's increased 5%. FedEx International Priority® service showed strong average daily volume growth of 12% and revenue per package growth of 2%. ''To offset the slower U.S. domestic volume trends and higher fuel prices, management at FedEx and RPS have taken actions to align their cost structures more closely with the lower growth rates,'' said Graf. ''These actions include more stringent cost controls and productivity enhancement programs. Even so, if current trends continue, fuel prices alone could negatively impact operating income in FY00 by more than $150 million compared to FY99. If lower U.S. domestic growth also continues, we anticipate that earnings for the second quarter and the full fiscal year may fall below current consensus analyst expectations, and FDX may not achieve a double-digit operating income growth rate for the year.'' FedEx For the first quarter, FedEx reported the following: -- Revenue of $3.6 billion, up 5% from last year's $3.4 billion • Operating income of $209 million, compared to $219 million a year ago Operating income from the sale of FedEx aircraft noise reduction kits was $15 million compared to $29 million in last year's first quarter. Total worldwide average daily package volume grew 4% over last year's first quarter and revenue per package increased more than 3%. RPS For the first quarter, RPS reported the following: -- Revenue of $476 million, up 8% from last year's $441 million -- Operating income of $51 million, up from $49 million a year ago On a per-day basis, operating income at RPS was up 6% year over year. Tax Rate The company's effective tax rate of 39.5% in the quarter compares with a rate of 41.5% during last year's first quarter. Corporate Overview FDX Corp., a $17 billion holding company, provides comprehensive transportation, logistics, e-commerce and supply chain management solutions. FDX Corp. principal operating subsidiaries are Federal Express Corp., the world's largest express transportation company; RPS Inc., North America's second largest business-to-business ground small-package carrier; Roberts Express Inc., a critical-shipment carrier; Viking Freight Inc., a less-than-truckload carrier operating principally in the western U.S.; and FDX Logistics Inc., a contract logistics provider. This press release contains forward-looking statements and information relating to future financial performance or business expectations. The forward-looking statements are subject to risks and uncertainties, including those identified below, which could cause actual results to differ materially from historical results or those set forth in the forward-looking statements. Such factors, among others, that may cause such a difference include: the ability to control package yield, volume growth and costs; U.S. and international economic conditions; technology developments that impact demand for the company's services; matching aircraft, vehicle and sort capacity additions or deletions to customer volume levels; fuel costs; regulatory changes; and other factors that are identified in FDX Corp.'s and its subsidiaries' press releases and filings with the Securities and Exchange Commission, including Annual Reports, Form 10-Ks and Form 10-Qs.