FedEx Freight to consolidate 29 locations, furloughs workers
According to a representative of FedEx, eligible employees will be offered permanent transfer opportunities to other markets that have hiring needs.
Rob Moore
There are 762 articles by Rob Moore :
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May 2023
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Transportation & Logistics
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April 2023
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Real EstateHow the historic Sterick Building could be reborn
In the 1920s, the Napoleon Hill mansion was razed to make way for the skyscraper. But the land itself would be passed down through the decades to the descendants of the original family.
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Business International Paper offers mixed results amidst weaker global demand
International Paper’s adjusted operating earnings were $185 million in the quarter compared to $195 million during the same period last year.
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Transportation & Logistics FedEx closing pilot bases in Alaska, California and Germany
FedEx said it decided to relocate its pilots and close its Cologne, Germany, 757 crew base and its MD-11 crew bases in Anchorage, Alaska, and Los Angeles as the “global business environment continues to evolve.”
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Financial Services TD Bank in talks to extend First Horizon merger deadline
TD CEO affirms that the deal is unlikely to close by the May 27 deadline but talks with First Horizon remain open.
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Downtown Downtown Brooks Museum construction moves forward
Earlier this month, the detailed plan for the new museum was approved by the Downtown Memphis Commission’s Design Review Board.
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Transportation & Logistics Chamber study: Memphis still leads U.S. in supply chain and logistics
The supply chain and logistics industry’s workforce has grown 25% over the past decade in the Memphis area.
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Real EstateInked: A solar-powered Captain D’s; Snkrr Bar moves to Crosstown Concourse
A newly-constructed Captain D’s restaurant in Whitehaven could soon run on solar power, and construction for the second phase of The Oliver project will cost $16 million.
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Transportation & Logistics FedEx celebrates 50th anniversary with a day of service
Monday’s drive marked the beginning of a new era of giving for the logistics giant, after reaching its 50 million goal early in February.
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Transportation & Logistics FedEx pilots to open strike authorization vote
Before a strike can take place, the National Mediation Board must first decide that additional mediation efforts would not be productive and offer the parties an opportunity to arbitrate the contract dispute.
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Business Richardson International will spend $220M to modernize its Memphis plant
The Canada-based company says it will replace the existing refinery at 1351 Williams Ave. pending “approval of local programs.”
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Transportation & LogisticsFedEx at 50: When help comes via a Boeing 777 cargo plane
Instead of limiting its giving to monetary donations, FedEx relied heavily on in-kind shipping to reach its goal of helping 50 million people by the date of its 50th anniversary.
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Ford Megasite Ford to supply temporary classrooms for Covington schools hit by tornado
Construction is expected to take two to three weeks. The gift from Ford will be at no cost to the district.
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BusinessHow much did Sylvamo’s top executives earn in 2022?
Sylvamo’s recently disclosed the compensation earned by certain executives in 2022, including its CEO Jean-Michel Ribiéras, who earned almost $7 million through a combination of salary, stock and other incentives.
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Transportation & LogisticsFedEx at 50: Why Memphis? An answer through the fog
Fred Smith has given several reasons for moving his young company to Memphis: the city’s central location, help from the Memphis International Airport and the area’s operational weather.
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Transportation & LogisticsFedEx at 50: As FedEx hits milestone, new executive team has new challenges
The executive leadership team at FedEx — guided by CEO Raj Subramaniam — will have to demonstrate to its stockholders that it is the right team to lead the company out of turbulent waters and into the future.
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Transportation & LogisticsOne FedEx: ‘Something investors have wanted for 15 years’
Following the announcement that FedEx’s operating companies will consolidate into one organization, the delivery giant’s stock was up by more than 1.2%.
Related stories:
FedEx pilots protest outside NYSE as company announces operating consolidation
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Downtown Hotel Pontotoc developers to seek approval for renovations
The boutique hotel at 69 E. Pontotoc Ave. will include 10 guest rooms, with a small lobby facing Pontotoc.
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Transportation & Logistics FedEx pilots protest outside NYSE as company announces operating consolidation
Standing on Wall Street Wednesday morning, pilots held signs reading “Now is the time” and “FedEx has failed to deliver.”
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Business FedEx to consolidate its operating companies
Expected to be completed in June 2024, the consolidation will bring FedEx Express, FedEx Ground, FedEx Services and other FedEx operating companies into Federal Express Corp.
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Business Meet International Paper’s board of directors
When IP’s shareholders meet in May for its annual meeting, they will be asked to reappoint all 11 of the board members.
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March 2023
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Real Estate Historic Sterick Building bought by local developer
The building, at North B.B. King Boulevard and Madison Avenue, was added to the National Register of Historic Places in 1978 but has been vacant since 1986.
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Business How much did International Paper’s top executives earn in 2022?
IP disclosed how much its executives earned in 2022, including its CEO Mark Sutton, who earned more than $13 million last year through a combination of salary, stocks and incentives.
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Ford Megasite Ford to build next electric truck — Project T3 — at BlueOval City
By late 2026, Ford plans to produce 2 million electric vehicles annually across its global operations.
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Ford Megasite BlueOval City campus draws Gov. Bill Lee, other state leaders
“Never in my life did I anticipate that there would be this happening in rural West Tennessee,” said Tennessee Gov. Bill Lee. “Welcome to one of the most exciting days celebrating one of the most exciting events in this region.”
Related story:
Ford to build next electric truck — Project T3 — at BlueOval City
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