FedEx Logistics Inc. announced that its subsidiary, FedEx Supply Chain Services, a leading third party provider of integrated supply chain solutions, was recently honored by General Motors Corporation as a 1999 Supplier of Year.

The prestigious award, celebrating its eighth consecutive year, is given annually to GM's best global suppliers in recognition of their superior performance during the previous calendar year. FedEx Logistics, the first third party logistics provider to receive the award for 1998, is now the only 3PL to earn the honor in consecutive years. Since 1995, FedEx Logistics has managed the inbound transportation for more than 1,500 suppliers into 26 GM Powertrain engine, transmission and component plants, primarily in the Midwest.

"FedEx Logistics is one of our best and brightest suppliers," said Harold R. Kutner, group vice president, Worldwide Purchasing and North American Production Control & Logistics for GM. "It is an honor to have the organization working with us. Their contributions to General Motors' overall success are immeasurable. We look upon the Supplier of the Year award as an important recognition of their value as an automotive industry supplier."

"This award truly belongs to our employees and contractors who ensure that we maintain world-class levels of quality, service and technology for GM and all of our customers day in and day out," remarked Gary Gilbert, president and CEO of FedEx Supply Chain Services Inc., a subsidiary of FedEx Logistics Inc. "Earning this honor two years in a row is a testament to the ongoing dedication and diligence of our entire team."

The GM Supplier of the Year award began as a global program in 1992. Award-winners are selected by a global team of executives from purchasing, engineering, manufacturing and logistics who base their decisions on supplier performance in Quality, Service, Technology and Price. This year, General Motors honored 181 suppliers from 22 countries for their excellence throughout 1999.

FedEx Logistics, through its supply chain services company, delivers integrated supply chain solutions for customers in targeted industries. As a recognized leader in the contract logistics marketplace, FedEx Logistics offers global transportation management services, integrated distribution solutions, and supply chain consulting services. More information on the company can be found on the Web at www.fedexgloballogistics.com.

With annual revenues of $18 billion, FedEx Corp. (NYSE:FDX) is the premier global provider of transportation, logistics, e-commerce and supply chain management services. The company offers integrated business solutions through a network of subsidiaries operating independently, including: FedEx Express, the world's largest express transportation company; FedEx Ground, North America's second largest provider of small package ground delivery service; FedEx Custom Critical, the world's largest provider of expedited time-critical shipments; FedEx Logistics, an integrated logistics, technology and transportation-solution company; FedEx Trade Networks Inc., providing customs brokerage, consulting, information technology and trade facilitation solutions; and Viking Freight, the leading regional freight carrier in the western United States. More than 2.5 million customers are connected electronically through the FedEx information network and approximately two-thirds of its U.S. domestic transactions are now handled on-line.