FedEx Archives: 2001 Press Releases
( BW)(TN-FEDEX)(FDX) FedEx Renews Title Sponsorship Agreement With
Championship Auto Racing Teams; FedEx Championship Series Roars into
MEMPHIS, Tenn.--(BUSINESS WIRE)--Nov. 7, 2001--FedEx Corp.
(NYSE:FDX), the world's premier global provider of transportation
services and Championship Auto Racing Teams (NYSE:MPH), the fastest
racing series on earth, have announced the renewal of their title
The agreement extends FedEx sponsorship of the "FedEx Championship
Series(R)" for up to four years. Financial terms were not disclosed.
The sponsorship began in 1998.
"CART is a valuable sports property which has been very effective
for FedEx and has provided a multi-media platform to communicate the
evolution of FedEx during the last four years," said Brian Philips,
FedEx vice president of U.S. Marketing. "The sponsorship also has
allowed for incremental revenue as well as significant opportunities
to build the brand in more than 200 countries."
As part of the agreement, FedEx will remain the official
transportation company of the FedEx Championship Series. This allows
FedEx a flexible venue to continue to build the brand both
domestically and abroad through advertising, onsite race promotions
and customer programs.
CART and its individual teams have come to rely on FedEx for the
time-definite shipment of high value engines and other important race
parts. In addition to day-to-day business, CART also is an important
customer of FedEx Charters using the air service to ship the series to
overseas venues in Japan, Australia, Germany and the United Kingdom.
FedEx also supports CART with shipping sites at race locations.
"FedEx and CART share natural synergies such as speed, teamwork
and reliability that have served both organizations well working in
concert since 1998," said Joseph Heitzler, CART President and CEO. "We
appreciate the support FedEx has provided CART over the past four
seasons and we look forward to continuing to work together to achieve
our goal of building the CART FedEx Championship Series into one of
the world's leading sports entertainment properties."
The extensive FedEx sports sponsorship portfolio also includes the
NFL, FedEx Orange Bowl, FedExField and FedEx St. Jude Classic.
Championship Auto Racing Teams, Inc. (NYSE: MPH) owns, operates
and markets the FedEx Championship Series. Champions Michael Andretti,
Gil de Ferran and Jimmy Vasser are among the drivers who battle for
the FedEx Championship Series title on oval circuits as well as
temporary and permanent road courses. CART also owns and operates its
top two development series, the Dayton Indy Lights Championship and
the Toyota Atlantic Championship. Learn more about CART open-wheel
racing series at www.cart.com.
With annual revenues of $20 billion, FedEx Corp. is the premier
global provider of transportation, 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 Freight, a leading provider of regional
less-than-truckload freight services; FedEx Custom Critical, the
world's largest provider of expedited time-critical shipments; and
FedEx Trade Networks, a provider of customs brokerage, consulting,
information technology and trade facilitation solutions.
NOTE TO EDITORS: FedEx press releases are available on the World
Wide Web at http://www.fedex.com.
CONTACT: FedEx Corp., Memphis
Carla Boyd Richards, 949/248-2406
Ron Richards, 248/362-8800
KEYWORD: TENNESSEE JAPAN AUSTRALIA GERMANY UNITED KINGDOM
INTERNATIONAL ASIA/PACIFIC EUROPE
INDUSTRY KEYWORD: AIRLINES SPORTS TRANSPORTATION
SOURCE: FedEx Corp.