What’s next for FedEx?
FedEx stock was up nearly 5% Tuesday, March 30, following the announcement on Monday that Raj Subramaniam will succeed Frederick W. Smith as president and CEO.
Rob Moore
There are 762 articles by Rob Moore :
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April 2022
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Transportation & Logistics -
Business Bluff City Biz: Future of FedEx and Blue Oval City with Bo Allen
“It’s hard for me to believe that anyone has done more for Memphis than Fred Smith,” Bo Allen, First Horizon regional president for West Tennessee, Arkansas and North Mississippi, said.
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Real Estate FedEx Logistics global headquarters opens at former Gibson Guitar factory
The decision to consolidate more than 600 of its workers into a single Downtown workspace has been years in the making and not without its setbacks. The move took more than $50 million and three years to execute.
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Ford Megasite House amends bill requiring review of Blue Oval City contractors
The bill would require the Megasite Authority of West Tennessee to submit a report detailing the name and location of each business or third-party entity contracted to perform construction work at the site.
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Premium
BusinessWhat are International Paper’s options for its Russian investment?
A note from a packaging and forest products analyst dated Wednesday, March 13, mentions the “logistical, legal and financial challenges” IP faces by suspending or exiting operations with Ilim.
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Ford Megasite Local leaders, businesses focused on smart growth for Blue Oval City
While Memphis-based Fogelman Properties doesn’t have real estate interest in Haywood County, president Mark Fogelman said his experience in regions like Chattanooga following Volkswagen’s investment could be used to gauge what could happen in West Tennessee.
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Ford Megasite Lightning in a throttle: Ford to showcase F-150 at Memphis Auto Show
Ford Motor Co. plans to bring a 10,000-square-foot display that will include updates on its project at the Megasite of West Tennessee, future Blue Oval City, as well an outdoor EV track.
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Business First Horizon reports first quarter 2022 earnings
FHN president and CEO Bryan Jordan said in a statement released Tuesday that higher long-term rates and global uncertainty impacted operations. Jordan also said FHN is “well positioned” to benefit from rising short-term rates.
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Ford Megasite Ford announces $16.5M partnership with UT
Ford, UT reveal agreement to restore stream waters flowing through Lone Oaks Farm, located about 70 miles from Memphis.
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Ford Megasite Ford’s Blue Oval City on display at Memphis International Auto Show
This year’s show is the first since the start of the pandemic and the first since Ford announced its $5.6 billion manufacturing campus in West Tennessee.
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Business Sylvamo takes action to avoid takeover
The Memphis-based company’s board of directors unanimously adopted a limited-duration shareholder rights plan, known as a “poison pill.”
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Financial Services First Horizon sets date for merger vote
In a proxy statement filed with the U.S. Securities and Exchange Commission, FHN has disclosed detailed information on its merger with Toronto-Dominion Bank.
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Business International Paper reports solid earnings despite continued Russian venture
Despite the solid earnings, the first quarter presented unique challenges for IP including the surge of the omicron variant and geopolitical consequences of continuing operations in Russia.
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Transportation & Logistics Spirit Airlines launches service at Memphis International
Spirit becomes the ninth airline serving Memphis. It will operate 182-seat Airbus A320 aircraft for its flights.
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May 2022
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Transportation & LogisticsFedEx is modernizing its aircraft fleet, making new partnerships
While FedEx has been working on modernization efforts for a couple of years, the COVID pandemic and related shipping demands prolonged the timeline.
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Transportation & Logistics FedEx wants to electrify last-mile delivery; BrightDrop wants to help
FedEx became BrightDrop’s first customer in December 2021 after it received 500 orders of the Zevo 600, which has an estimated range of up to 250 miles on a full charge.
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Business Terminix closer to completing merger with Rentokil
Terminix has entered into a definitive agreement to divest its pest management businesses in the U.K and Norway.
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Transportation & Logistics Testing continues for Madison Avenue trolley service
About a dozen MATA workers gathered Tuesday, May 10, to test the transit authority’s Siemens–Duewag U2 car.
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Downtown Groove On-Demand Downtown ride share service gains popularity
Ridership is booming at Groove On-Demand, which serves about 1,500 passengers a month with shuttle rides throughout Downtown and the Medical District.
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Financial ServicesFirst Horizon answers lingering questions about Toronto-Dominion Bank merger
In an updated proxy statement, FHN directs employees on answering client questions about the merger, including questions about its continued involvement in the region.
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Transportation & LogisticsSupply chain crisis causes gridlock at Mid-South auto repair shops
“I had a customer come pick up his ‘21 model Hyundai Palisade to drive it around with no rear bumper because we’ve had it since February,” said one body shop owner. “Nobody can even tell us when the bumper is coming.”
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Transportation & Logistics Infant formula shortage takes its toll on Mid-South families
The infant formula shortage has been caused by the closing of an Abbott Labs facility in Sturgis, Michigan, as well as the greater global supply chain crisis.
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Spirit of Memphis FedEx lends a hand with Operation Fly Formula
The flight from the Ramstein Air Base in Germany to Indiana transported the equivalent of 1.5 million 8-ounce bottles of three formulas, all of which are hypoallergenic for children with cow’s milk protein allergy.
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Transportation & Logistics Airport Authority anticipates nearly 27% increase in revenue
“The MSCAA staff has overcome many challenges that resulted from the pandemic,” said the chair of the airport authority’s board.
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Transportation & Logistics AutoZone third-quarter earnings beat analyst predictions
Shares of AutoZone stock were up Tuesday morning following the release, which reported net sales of $3.9 billion for the third-quarter 2022.
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