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Fedex To Deliver Premium Postal International Service

Monday, June 14, 2004

Press release from the issuing company

WASHINGTON, D.C. - The U.S. Postal Service has selected FedEx Express to provide transportation and delivery for Global Express Guaranteed (GXG), the Postal Service's premier, date-certain international delivery service to more than 190 countries. "This alliance brings two shipping powerhouses together to deliver the world to our customers," said Anita Bizzotto, Chief Marketing Officer. "It will enhance GXG's world-class service reliability, streamline handling, and bring the resources of both organizations to provide quality and value for postal customers." This alliance also provides new service to Japan and Brazil and offers new GXG shipping labels and containers that feature both Postal Service and FedEx logos. About 7,400 Postal Service locations will offer the new co-branded service. As demand for this product grows, so will the number of Postal Service access points. The contract with FedEx takes effect on July 1, replacing a previous agreement with DHL Worldwide Express. "We evaluated a number of international delivery providers and the review showed that FedEx offers the best combination of price, service, brand recognition and cost/network efficiencies," said Bizzotto. FedEx Express is a subsidiary of FedEx Corporation. "Global Express Guaranteed combines the convenience, speed and reliability of the Postal Service and FedEx Express," said T. Michael Glenn, FedEx executive vice president for Market Development. "This agreement is a natural extension of our long-standing relationship with the U.S. Postal Service." FedEx currently provides domestic air transportation for Priority Mail, Express Mail, and First-Class Mail and has nearly 5,000 drop boxes in U.S. Postal Service retail locations across the country. "This alliance will boost popularity and performance for Global Express Guaranteed, and thousands of international shippers will be the beneficiaries," said Bizzotto.




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