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Goodyear and FedEx Renew Tire Supply Contract

2 September 1998

Goodyear and FedEx Renew Tire Supply Contract

    AKRON, Ohio, Sept. 2 -_ Goodyear has extended the term of its
contract to serve as the tire supplier to Federal Express Corporation's
(FedEx) truck and airport ground support equipment in the U.S. and
international locations.
    Under terms of the contract, Goodyear has committed to supply up
to 100 percent of FedEx's original equipment, replacement and retreaded tire
needs for FedEx's airport and ground support equipment and vehicles.  Goodyear
currently supplies more than 50 percent of FedEx's new and retreaded tire
needs for its aircraft fleet.
    "The contract signed in 1995 worked so well that both companies decided
jointly to expand the scope of the agreement.  The new agreement allows
Goodyear the potential to supply up to 100 percent of FedEx's global tire
needs for vehicles and airport ground support equipment," said Mike Thomann,
marketing director for Goodyear's commercial tire products.
    "This agreement is obviously a win-win situation for both companies," said
Lynn Gorman, FedEx's vice president of vehicle maintenance.  "Goodyear's
reputation for quality, value and reliability, combined with the customer
service it has provided throughout the previous contract period, make this
agreement a logical choice."
    The two companies did not disclose the contract specifics.
    Goodyear supplies commercial tires as original equipment to a number of
truck manufacturers, offers a wide range of replacement tires to meet the
needs of commercial carriers and independent drivers and is one of North
America's largest retreaders of medium radial commercial truck tires.
    Federal Express, a subsidiary of FDX Corp., connects areas that generate
90 percent of the world's gross domestic product in 24 _ 48 hours with door-
to-door, customs-cleared service and a money-back guarantee.  The company's
unmatched air route authorities and infrastructure make it the world's largest
express transportation company, providing fast, reliable and time-definite
transportation of more than 3 million items to 211 countries each working day.
FedEx employs more than 142,000 employees and has more than 44,700 drop-off
locations, 615 aircraft and 40,900 vehicles in its integrated global network.
The company maintains electronic connections with more than a million
customers via FedEx Powership, FedEx Ship and FedEx interNetShip. Federal
Express reported revenues of $13.3 billion for its fiscal year ended May 31,
1998.