FEDEX EXPRESS, MULTIPACK FORM AGREEMENT

FEDEX EXPRESS, MULTIPACK FORM AGREEMENT

   FedEx Express, a Mexican subsidiary of Federal Express Corp., and Multipack, a Mexican express transportation company, have signed a cooperative agreement to increase service and coverage for their customers.

FedEx said the agreement will result in the largest global and domestic express transportation network available to Mexican shippers.

   “With a single contact, our clients will have at their disposal the best domestic and global express transportation services available in Mexico,” said Juan Cento, president of FedEx Express for Latin America and the Caribbean.

   The arrangement allows FedEx Express to offer shipping services to 330 destinations throughout Mexico via Multipack’s national network of 4,500 vehicles and 36 distribution centers.

   FedEx said the agreement will implemented in phases, and that by mid-2002, FedEx Express customers will access full domestic service through Multipack’s national system and FedEx Express global services will be available to all Multipack customers.