FedEx grants help to businesses owned by veterans, people with disabilities
The FedEx Entrepreneur Fund will provide $10,000 grants to 30 small businesses. The deadline to apply is Friday, Oct. 7.
Rob Moore
There are 762 articles by Rob Moore :
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September 2022
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Transportation & Logistics -
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Transportation & LogisticsPackage deal: How FedEx Ground delivers the goods amid challenges
FedEx Ground has relied on a contractor model since its inception. But what was once a low-cost solution now may be imperiled by the challenges of so-called last-mile delivery.
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BusinessChamber advocating support for third Memphis bridge
TDOT said economic benefits related to a third bridge would include lower transportation costs for goods, enhanced productivity and competitiveness for Memphis area businesses and new employment opportunities in the region.
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Transportation & Logistics Ex-contractor Spencer Patton calls for no-confidence vote in FedEx Ground CEO
Patton is calling for members of his contractor organization to vote on a call for no-confidence in FedEx Ground CEO John Smith. FedEx does not recognize the association.
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Financial Services TD Bank CEO on acquiring First Horizon
“The Southeast and the south of the U.S. was particularly important to us strategically,” Toronto-Dominion Bank CEO Bharat Masrani said. He noted that the region’s population growth is expected to be 50% higher than the national average.
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BusinessFed offers mixed look on Memphis economy
According to the Fed, overall labor market conditions remain tight, with contacts across the Eighth District reporting that workers remain scarce.
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Transportation & LogisticsA large-scale railroad strike would hit Memphis hard
The majority of containerized goods coming into the Mid-South from overseas come in on one of the five Class I rails based here, said Woodson Dunavant of the logistics and supply chain management company Dunavant Enterprises.
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Business Sylvamo buys Swedish mill in $150 million transaction
A spinoff of International Paper, Sylvamo became a standalone, publicly traded company last fall.
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Transportation & LogisticsFedEx closing offices, deferring hiring, reducing flights after weak quarter
Citing adverse “macroeconomic trends,” FedEx CEO Raj Subramaniam announced a variety of cost-cutting initiatives, including reduction in flight frequencies and the closure of over 90 FedEx Office locations.
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Transportation & LogisticsDoes FedEx’s poor quarter signal a global recession?
News from FedEx has left some wondering what the company’s cost-cutting measures could mean in Memphis. FedEx, the city’s largest employer, has around 30,000 employees here.
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FedEx closing offices, deferring hiring, reducing flights after weak quarter
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Business AutoZone reports strong quarter, commercial business continues to grow
The automotive parts retailer reported its operating profit increased 5.7% to $1.1 billion and net income for the quarter increased 3.1% over the same period in 2021 to $810 million.
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Transportation & Logistics FedEx shareholders approve board of directors, executive compensation
Shareholders approved the company’s 15 nominees to the FedEx board of directors, including two who were named to the board following an agreement between FedEx and activist investor D. E. Shaw, and compensation for the company’s executive officers.
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Transportation & Logistics Memphis International announces nonstop flight to Austin
American Airlines announced it will launch nonstop service between MEM and Austin-Bergstrom International Airport (AUS) starting in January.
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Transportation & Logistics FedEx shareholders overwhelmingly approve board, compensation for top execs
While FedEx stockholders presented four proposals of their own during the company’s annual meeting, each was rejected by more than 60% of voted shares.
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Business 3,000 ‘AutoZoners’ gather for annual sales meeting
AutoZone opened 118 new stores and closed one in the U.S., opened 39 stores in Mexico and 20 stores in Brazil in 2022.
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Ford Megasite Ford breaks ground on future BlueOval City at Megasite
While crews began clearing the ground at the Megasite of West Tennessee as early as March, structural steel now represents the first phase of construction.
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Transportation & Logistics ‘How did it catch you so off guard?’: Investors grill FedEx CEO after troubling quarter
The shipping giant announced earlier this month that its earnings for the first quarter of fiscal year 2023 were much lower than the company’s predictions.
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Transportation & Logistics FedEx announces $2 billion in cost-cutting measures, rate increases
In 2023, FedEx hopes to generate total cost savings of $2.2 to 2.7 billion, and the Memphis-based company plans increase some of its rates.
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Business Memphis-based Varsity Spirit named in lawsuit alleging sexual abuse
The suit claims Varsity and other defendants, including the United States All Star Federation and Premier Athletics, engaged in a conspiracy to cover up abuse.
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October 2022
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Transportation & Logistics Airport Authority to give update on its master plan
The Memphis Shelby County Airport Authority will hold two sessions, the first on Tuesday, Oct. 25, from 4 p.m. to 8 p.m, followed by a second meeting on Wednesday, Oct. 26, from 10 a.m. to 2 p.m.
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Transportation & Logistics FedEx asks feds to intervene in pilot contract negotiations
The federal assistance comes months after pilots picketed outside the FedEx Express Air Operations Center with signs that read, “When the world shut down, FedEx pilots delivered.”
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Business Terminix shareholders approve acquisition
The $6 billion acquisition is expected to close Wednesday, Oct. 12.
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BusinessSylvamo completes sale of Russian operations
Since Russia’s invasion of Ukraine in February, more than 1,200 companies around the world have curtailed their operations in the region.
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Transportation & Logistics FedEx Ground says it will lower holiday volume forecasts
The news follows a particularly poor earnings quarter from the Memphis-based company, which announced several cost-cutting measures in September.
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FedEx volunteers bundle 20,000 care packages for members of armed forces
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Business FedEx volunteers bundle 20,000 care packages for members of armed forces
The supplies will be sent to military training centers in the U.S. and remote locations worldwide.
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