Infos Transport (Patrice Salini)

Communiqué de Stinnes _______________________ Cooperation between MAV AG and Stinnes permits operation of nonstop trains (Budapest/ Berlin, August 4, 2004)   The efforts made by the Hungarian national railroad corporation, MAV AG, and Stinnes AG to speed up and simplify rail freight traffic bound for southeastern Europe have begun to bear fruit. Only half a year after the establishment of a joint association in autumn 2003, all AUDI logistics trains operated by Schenker Automotive Railnet GmbH now travel between Györ and Ingolstadt without change of locomotives. In addition, the three trains per day that travel from and to Hungary via Austria do not have to wait at the borders because they have been qualified as "reliable trains" since the beginning of May. This has reduced the travel time per train by approximately three hours. Customers fully benefit from this faster service because it gives them more time to load and unload their cargo. In Györ, for instance, the

Fedex achète Parcel Direct __________________________ Communiqué de Fedex : FedEx To Acquire Leading Parcel Consolidator Parcel Direct; Residential Service Targets Fast-Growing E-tail and Catalog Industries     Business Editors     MEMPHIS, Tenn.--(BUSINESS WIRE)--Aug. 9, 2004--FedEx Corp. (NYSE:FDX) today announced an agreement to acquire Parcel Direct, a division of Quad/Graphics, for $120 million in cash. Parcel Direct is a leading parcel consolidator and will add a new dimension to the FedEx portfolio of services. The transaction is expected to close during the second fiscal quarter and is subject to customary conditions, including Hart-Scott-Rodino clearance. Based on Parcel Direct's current size, this acquisition is not expected to have a material effect on the fiscal 2005 financial results of FedEx.     Parcel Direct will be a subsidiary of FedEx Ground and will offer a proven solution to customers in the fast-growing e-tail and catalog industries. These cu