<PAGE>
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
DATE OF REPORT : FEBRUARY 22, 1999
(DATE OF EARLIEST EVENT REPORTED)
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FDX CORPORATION
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
DELAWARE
(STATE OF INCORPORATION)
333-39483 62-1721435
(COMMISSION FILE NUMBER) (IRS EMPLOYER IDENTIFICATION NO.)
6075 POPLAR AVENUE
MEMPHIS, TN 38119
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)
REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE:
(901) 369-3600
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ITEM 5. OTHER EVENTS
On February 22, 1999, FDX Corporation (the "Registrant") announced, by the
press release attached as Exhibit 20.1 to this report and incorporated herein
by reference, that contingency expenses incurred in connection with the
Federal Express Corporation pilot contract negotiations will be approximately
$90 million, which is $20-$30 million less than originally forecast.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits.
20.1 Registrant's press release, dated February 22, 1999.
2
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Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
FDX CORPORATION
By: /s/ JAMES S. HUDSON
--------------------------------
James S. Hudson
Corporate Vice President -
Strategic Financial Planning
and Control
(Principal Accounting Officer)
Dated: February 22, 1999
3
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EXHIBIT INDEX
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<CAPTION>
EXHIBIT DESCRIPTION OF EXHIBIT
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<S> <C>
20.1 Registrant's press release, dated February 22, 1999.
</TABLE>
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EXHIBIT 20.1
[COMPANY LETTERHEAD]
Media Contact: Shirlee Clark
(901) 395-3463
Investor Contact: Jim Clippard
(901) 395-3468
FOR IMMEDIATE RELEASE
FDX CORP. LOWERS CONTINGENCY COST ESTIMATE FOR PILOT NEGOTIATIONS
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MEMPHIS, Tenn., February 22, 1999 ... FDX Corporation (NYSE: FDX) today
announced that contingency expenses incurred in connection with the Federal
Express pilot contract negotiations will be approximately $90 million, which
is $20-$30 million less than the Company originally forecast. These expenses
will be recognized entirely in the third fiscal quarter ending February 28,
1999 -- $80 million will be included in operating expense and $10 million
will be included in interest/other expense.
FDX Corp., a $16 billion holding company, provides comprehensive
transportation, logistics and supply chain management solutions. FDX Corp.
principal operating subsidiaries are Federal Express Corp., the world's
largest express transportation company; RPS, Inc., a business-to-business
ground small package carrier; Viking Freight, Inc., a less-than-truckload
carrier operating principally in the western U.S.; Roberts Express, Inc., a
critical-shipment carrier; and FDX Global Logistics, Inc., a contract
logistics provider.
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