--Jan. 29, 2008--The Teamsters voluntarily canceled an organizing election scheduled for February 1, 2008 at the FedEx Home Delivery facility in Worcester, Massachusetts. The withdrawal signals a defeat for the union, which was seeking to organize FedEx owner operators in Worcester.

"This is a complete victory for FedEx Home Delivery contractors in Worcester and a total defeat for the Teamsters," said Paul Callahan, FedEx Ground's Senior Vice President of Contractor Relations. "These 18 independent contractors sent a clear message to the union that they want to remain just that - independent. As small business owners, they want to make business decisions for themselves, without third-party interference. At FedEx Home Delivery, we believe contractors have the right to make their own decisions and we will continue to defend their right to do so."

February's election was originally scheduled to take place in 2006, but the Teamsters delayed it with legal maneuvers. This is the Teamsters' fourth failed attempt to organize contractors in Worcester.

"We appreciate the relationship we have with our contractors," Callahan said. "Moreover, we support our contractors' desire to manage and grow their own businesses and to continue delivering the exceptional service our mutual customers in Massachusetts have come to expect."

About FedEx

FedEx Corp. (NYSE: FDX) provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services. With annual revenues of $36 billion, the company offers integrated business applications through operating companies competing collectively and managed collaboratively, under the respected FedEx brand. Consistently ranked among the world's most admired and trusted employers, FedEx inspires its more than 290,000 employees and contractors to remain absolutely, positively focused on safety, the highest ethical and professional standards and the needs of their customers and communities. For more information, visit http://news.fedex.com.