Investor Presentaiton

Monthly volume trends: June 2023-Nov. 2023 Sequential improvement with continued growth in Ground and International Export Q1 average daily volume Q2 average daily volume FedEx Express U.S. Domestic Package YoY FedEx Express International Export YoY Jun Jul Aug Sep Oct Nov Jun Jul Aug Sep Oct Nov 3% 1% 6% 4% 0% 4% -5% -9% -8% -2% -3% -3% FedEx Ground YoY FedEx Freight LTL YOY Jun Jul Aug Sep Oct Nov Jun Jul Aug Sep Oct Nov 3% 1% 1% 4% 0% -3% -8% -6% -5% -4% -14% -16% Transportation segment yield performance Seeing yield stabilization in U.S. domestic markets YoY yield by fiscal quarter 30% 25% 20% 15% 10% 5% 0% -5% -10% -15% Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY23 -FedEx Express International Export Q2 FY23 FedEx Express U.S. Domestic Q3 FY23 Q4 FY23 Q1 FY24 Q2 FY24 -FedEx Ground -FedEx Freight 13 14

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