Release #05.FDX11
September 23, 2005

FedEx Pilots to Conduct Informational Picketing at FedEx Corporation Shareholders’ Meeting in Memphis

MEMPHIS, Tenn. -- Now in their 18th month of contract negotiations, FedEx pilots, represented by the Air Line Pilots Association, Int’l (ALPA), will conduct informational picketing on Monday, September 26, outside the FedEx Corporation shareholders’ meeting at the Peabody Hotel in Memphis. An additional contingent of pilots will hold a demonstration outside the FedEx Express Air Operations Center near Memphis International Airport. The pilots, who have been working without a new contract for more than a year, are picketing to show their continuing frustration with the slow pace of talks.

“With very little progress to show for 18 months of negotiations, our pilots are growing increasingly tired of management’s delay tactics,” said Captain David Webb, chairman of the FedEx unit of ALPA.

More information on the pilots’ ongoing negotiations can be found at www.fedexlabortalks.com.

Day and night and 365 days a year, the 4,450 professional FedEx pilots--representing the air division of the FedEx brand and helping generate nearly two-thirds of FedEx Corporation’s annual revenue--fly to cities on five continents, making FedEx among the largest and most profitable airlines by any measure. Founded in 1931, ALPA represents 64,000 pilots at 41 airlines in the U.S. and Canada. Visit the ALPA website at http://www.alpa.org.

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ALPA Contact: Scott Sherrin, (901) 842-2220