FedEx and Floship Form Commercial Partnership to Deliver What’sNext in
E-Commerce

Investment from FedEx Innovation Lab and innovativecollaboration strengthens FedEx end-to-end digital fulfillment andreturns solution

Hong Kong SAR, China, June 14, 2023 — FedEx Corp. (NYSE:FDX) and Floship, a leading global circular supply chains solutionsprovider for e-commerce brands, today announced a partnershipdesigned to provide enhanced fulfillment and logistics services toe-tailers worldwide.

Through investment by the FedEx Innovation Lab (FIL), thepartnership will create an end-to-end digitalized fulfillment andreturn solution, enhancing operational efficiency through optimalinventory management and best-in-class delivery using FedExservices.

This partnership will give FedEx’s e-commerce customers accessto Floship’s global network of warehouses and powerful logisticsplatform’s capabilities to streamline their e-commerce fulfillmentoperations. At the same time, Floship’s customers will be able toleverage FedEx global networks as well as a full range of FedExextensive transportation options to optimize their operations.

Additionally, FedEx’s and Floship’s cross-border e-commercecustomers in Asia-Pacific, Middle East and Africa, Europe, andNorth America will gain access to enhanced fulfillment, last-miledelivery, as well as hassle-free returns.