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

To: EL KABONG!!! who wrote (281)	12/15/1998 10:38:00 AM
From: Darryl Olson	Read Replies (1) \| Respond to of 524

FedEx pushing to do all business online: BURRELLE'S/VMS NewsAlert Service 75 East Northfield Road/ Livingston, NJ / 973-992-6600 SOURCE: Reuters SUPPLIER: Reuters DATE: 12-14-98 TIME: 19:03 HEADLINE: FDX goal is to have all shipping done online CHICAGO, Dec 14 (Reuters) - Federal Express, the world's largest air express package carrier, said Monday its goal is to eventually have all shipping with the company initiated online, either through the Internet, personal computers or other means. "Our long-term goal is frankly to have 100 percent of our package for FDX Corp., the Memphis, Tenn.-based parent company of FDX, said in a news conference. Currently, two-thirds of FedEx business comes from orders placed online, Jones said. Online orders are less expensive for FedEx to handle, in part because the company does not have to input handwritten orders. When customers places an order electronically, they receive a tracking number and the billing process is automatically initiated, a FedEx spokeswoman said. While the company will not say how much less it costs to process an electronic order, executives have said that the shift to online business has allowed it to avoid building three call centers that would otherwise have been needed to handle its rising package volume. On Monday, FedEx said it has enhanced its Internet shipping package, interNetShip, to allow customers to ship more quickly and conveniently. The system allows businesses in the 58 countries that account for about 98 percent of FedEx's business to ship to 185 countries. Most of FedEx's Internet-based business comes from business-to-business customers who use FedEx to help manage their supply chains, not retail customers, FedEx said. FDX is also looking to expand online services it has introduced with FedEx to its other businesses, including ground package carrier RPS Inc., Jones said. FDX shares were down 1-12/16 at 7-1/16 Monday.

To: EL KABONG!!! who wrote (281)	12/18/1998 9:58:00 AM
From: Darryl Olson	Read Replies (2) \| Respond to of 524

Tentative agreement reached: Friday December 18, 9:09 am Eastern Time Company Press Release FedEx And the Fedex Pilots Association Reach Agreement Agreement is Subject to Ratification by the Fedex Pilots Association Membership MEMPHIS, Tenn.--(BUSINESS WIRE)--Dec. 18, 1998--Federal Express Corp. (NYSE:FDX - news; FedEx) and the Fedex Pilots Association (FPA) announced today that the union and the company negotiators have reached an agreement that will be presented to the union board of directors and its membership for ratification. ''This agreement places the FedEx pilots in the upper echelon of the airline industry and is a win for both FedEx and the FPA,'' said Theodore L. Weise, president and chief executive officer of FedEx. ''It also confirms that our pilots are committed in providing our customers the outstanding service that has made FedEx the express industry leader.'' Federal Express, a subsidiary of FDX Corp., connects areas that generate 90% of the world's gross domestic product in 24-48 hours with door-to-door, customs-cleared service and a money-back guarantee. The company's unmatched air route authorities and infrastructure make it the world's largest express transportation company, providing fast, reliable and time-definite transportation of more than 3 million items to 211 countries each working day. FedEx employs more than 145,000 employees and has more than 44,400 drop-off locations, 624 aircraft and 42,800 vehicles in its integrated global network. The company maintains electronic connections with more than a million customers via FedEx Powership®, FedEx Ship® and FedEx interNetShip®. Federal Express reported revenues of $13.3 billion for its fiscal year ended May 31, 1998. FDX Corp., a $16 billion holding company, provides comprehensive transportation, logistics, and supply chain management solutions on a worldwide scale. FDX Corp.'s other primary operating subsidiaries are RPS Inc., a business-to-business ground package carrier; Roberts Express Inc., a critical-shipment carrier; Viking Freight Inc., a less-than-truckload carrier operating principally in the western United States; and FDX Global Logistics, a contract logistics provider. NOTE TO EDITORS: Federal Express press releases are available on the World Wide Web at fedex.com.