FedEx embraces autonomous trucking
FedEx announced in September 2021 it would enter a pilot program with California-based Aurora Innovation Inc. to test autonomous driving technology.
Rob Moore
There are 762 articles by Rob Moore :
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May 2022
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Transportation & Logistics -
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Financial ServicesEverything we know about the First Horizon merger ahead of shareholders’ vote
After multiple mergers and acquisitions, TD Bank became the seventh-largest U.S. bank by deposits and the 11th largest bank in the U.S. by total assets.
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June 2022
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Transportation & Logistics Logistics operators report on a volatile trucking market as inflation rises
As manufacturers scrambled to resume operations in 2021 following shutdowns across several industries the year before, truckers were in demand.
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Financial ServicesFirst Horizon shareholders approve Toronto-Dominion Bank merger
The transaction is expected to close early next year.
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Transportation & Logistics Sluggish global conditions could impact FedEx earnings
A Morgan Stanley report suggests FedEx could be suffering from conditions that “have turned more sluggish globally, no doubt compounded by additional complications from the conflict in Ukraine and COVID-related shutdowns in China.”
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Ford Megasite Efforts underway to recruit and train workers for BlueOval City
Most of the hires (57%) have come from West Tennessee, including Haywood, Tipton, Madison and Fayette counties. But officials say Shelby County residents will play a big role in the construction project.
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BusinessMemphis Starbucks votes to unionize
Since 2021, hundreds of Starbucks workers nationwide have announced plans to seek union status, a partnership with Starbucks Workers United.
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BusinessA timeline behind the Terminix merger agreement
Recently filed SEC documents reveal that negotiations between Terminix and Rentokil Initial go back at least four years.
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Transportation & Logistics FedEx adds new members to board, increases dividend by more than 50%
FedEx Corp. stock was up nearly 9% Tuesday after the company made the announcement.
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BusinessTerminix discloses risks associated with merger, golden parachute payments
Almost six months after announcing it would be acquired by British company Rentokil for $6.7 billion, Memphis-based Terminix is disclosing potential risks associated with the deal, as well as possible golden parachute payouts for its top executive officers.
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Business Federal lawmakers want to block First Horizon acquisition
Federal lawmakers sent a letter to the Office of the Comptroller of the Currency citing a report from investigative news outlet Capitol Forum that TD Bank wrongly pressured customers into opening accounts and using banking services they didn’t want.
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Transportation & Logistics FedEx names first chief customer officer
Brie Carere is a three-time winner of the FedEx Five Star Award, the company’s highest team member honor.
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Transportation & Logistics Filing reveals annual pay for Fred Smith, new FedEx CEO
An SEC filing reveals how much Raj Subramaniam and FedEx founder Fred Smith will earn in their new roles.
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Transportation & Logistics FedEx pilots push for updated contract
For the union, the two primary issues in the current round of negotiations are retirement benefits and matters related to quality of life.
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Elections Trump teases second run during stop in Southaven
While he never directly stated his plan for the next presidential election, throughout his speech Saturday and again during his closing remarks, Trump hinted at the possibility of a second run in 2024.
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Ford Megasite Ford panel, ‘listening and learning,’ says BlueOval City still on schedule
Hundreds of Tennessee residents attended a meeting with Ford Motor Co. execs Tuesday night at a Brownsville high school to learn more about BlueOval City.
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Transportation & LogisticsBig FedEx stock jump had help from New York wealth-management firm
D. E. Shaw & Co. is known for its activist investing, including its role in Exxon Mobil Corp.’s decision to add to its board and make $6 billion worth of cost savings changes.
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Business FedEx reports strong quarter as new CEO takes the reins
The Memphis-based company recorded $24.4 billion in revenue for its fourth quarter 2022, compared to $22.6 billion it reported in the same time period in 2021.
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Transportation & Logistics FedEx delivers 52 tons of medical aid for Ukrainian refugees
FedEx has donated more than $2.3 million in humanitarian aid since the outset of the conflict, including $1 million that has been allocated for in-kind shipping with nonprofit partners.
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Business ‘Pen to Paper:’ IP featured on ‘How America Works’ with Mike Rowe
The episode focused on the paper trade in the U.S., as well as the workers who keep it functioning.
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Transportation & Logistics Hundreds of FedEx pilots picket for updated contract
Pilots are asking for a contract that increases retirement benefits and takes into account issues related to quality of life, such as time spent away from home and uncertainty around scheduling.
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Transportation & Logistics FedEx predicts sizable profit growth over next three years
The logistics giant announced Wednesday, June 29, its new “Deliver Today, Innovate for Tomorrow” strategy as investors and analysts gathered in Memphis for the company’s 2022 investor meeting.
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Transportation & Logistics FedEx maps out strategy to increase earnings, operating income
New CEO Raj Subramaniam faces soaring inflation, increasing competition from Amazon and an activist investor demanding shakeups to the board, but plans to grow earnings per share by as much as 19% over the next three years, as well as increase operating income by as much as $4.5 billion.
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July 2022
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Transportation & Logistics One service center is building its own workforce to address labor shortage
Technicians at the Gateway service center on Summer are self-supplying the company’s need for skilled mechanics with a six-month course that guarantees full-time employment at its conclusion.
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Transportation & Logistics FedEx’s Network 2.0 initiative a ‘fundamental’ shift in operations
At its most recent meeting of shareholders and analysts, the Memphis-based company announced it is no longer interested in keeping its networks separate. Instead, FedEx wants to benefit from their overlap.
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