Investor Presentaiton

Transportation segment revenue performance Gaining parcel share in the U.S. and internationally +3% $8.4B $8.6B Q2 FY23 Q2 FY24 -4% $2.5B $2.4B Q2 FY23 Q2 FY24 -6% $10.9B $10.3B Q2 FY23 Q2 FY24 • • FedEx Ground Revenue increase driven by higher yield and volume Focused on improving profitability and maintaining our position as price leader FedEx Freight Lower shipments offset an increase in yield Volume pressure moderated and revenue per shipment inflected positively FedEx Express Experienced lower fuel surcharges, reduced demand surcharges, and a mix shift toward lower-yielding services Global freight pounds down YoY • Peak update Peak season in-line with expectations Safe, reliable, and outstanding service Receiving very positive customer feedback Digital tools Picture Proof of Delivery, Estimated Delivery Time Window, and FedEx Delivery Manager provide peace of mind for holiday shipments FedE Returns • Offering returns solutions that create a convenient, seamless experience for retailers and consumers 11 FedEx

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