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.
Rob Moore
There are 789 articles by Rob Moore :
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March 2023
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Ford Megasite -
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.”
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Ford to build next electric truck — Project T3 — at BlueOval City
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Transportation & LogisticsBillions of dollars in cuts seemingly help FedEx get back on track
FedEx stock was up more than 10% following an earnings release last week, with numbers high enough that the company increased its forecast for the full fiscal year.
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Transportation & Logistics FedEx impacted by market softness but earnings beat expectations
FedEx says continued demand weakness, particularly at FedEx Express, affected its most recent earnings period.
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Transportation & Logistics Memphis International to offer flights to Raleigh-Durham
Avelo will be the only airline offering nonstop service to Raleigh-Durham International Airport, which serves Raleigh, Durham and the surrounding Research Triangle region of North Carolina.
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Financial ServicesFirst Horizon outlines risks associated with TD merger
Both banks have to receive regulatory approval from U.S. oversight authorities, and according to First Horizon, the process is taking longer than anticipated, even as they remain committed to the deal.
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Downtown Nylon Net site redevelopment’s second phase approved
The Oliver, will now include an additional adjacent parcel at 339 S. Front St., where the development team plans to build 63 additional multifamily units.
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Downtown Downtown Mobility Center to include 48 ‘EV-ready’ parking spaces
The Mobility Center, scheduled to open in July, already has four parking spaces that are equipped for the installation of electric chargers for public use.
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Real Estate Nylon Net developer seeks PILOT extension
The first phase of development, already under construction, will include 210 multifamily residential units and a 262-car parking garage.
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Transportation & Logistics Memphis International Airport expects busiest Spring Break since ‘08
The peak day for this season is expected to be Friday, March 10, with more than 9,000 people projected to pass through the checkpoint.
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Transportation & Logistics $15 million airport makeover ‘not a short-term project’
Memphis International will receive $14.8 million from the FAA, which it will use in its efforts to modernize its ticketing and baggage areas.
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Business FedEx CEO appointed to President’s Export Council
The council advises the president on government policies and programs that affect U.S. trade performance and works to promote export expansion.
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Financial Services TD Bank pays $1.2B in Stanford Ponzi settlement
The First Horizon buyer is one of five banks that provided services to Stanford Financial Group over 20 years that have paid $1.6 billion to the victims of the Ponzi scheme.
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Financial Services First Horizon merger could miss crucial deadline
TD has initiated discussions with FHN regarding a potential further extension of the outside date.
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February 2023
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Transportation & Logistics AutoZone reports solid quarter, increase in existing store sales
AutoZone reported second-quarter net sales of $3.7 billion, a more than 9% increase from the same period a year ago.
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Business American Car Center closes all business operations
The used car lender said Friday, Feb. 24, in a company email reviewed by The Daily Memphian that all employees would be terminated at the end of the business day.
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Transportation & Logistics Memphis International Airport receives $15M in FAA funding
The FAA announced Monday, Feb. 27, $967 million in funding for almost 100 airports in the U.S., including Memphis International.
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Transportation & Logistics Traffic will travel in one lane on southbound I-55 until fall 2023
Upgrades to the Interstate 55 interchange at Crump Boulevard Downtown will be a multi-year project that will include road and bridge closures and the construction of a new roundabout.
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Transportation & Logistics FedEx pilot union approves strike authorization vote
FedEx and the Air Line Pilots Association have been in contract negotiations since May 2021.
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Front Page FedEx commits more than $1 million to Turkey, Syria earthquake relief
Since the first earthquake on Monday, Feb. 6, FedEx has assisted multiple nonprofit and government organizations that are responding directly to the crisis by utilizing its global trade networks.
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Financial Services TD Bank plans community ‘impact’ after First Horizon merger
TD Bank’s agreement includes a commitment to open 25 new physical bank branches in marginalized communities and a pathway to enable affordable home ownership by increasing residential mortgage loans.
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Transportation & Logistics FedEx launches second year of HBCU Student Ambassador Program
The cohort was selected among students from eight HBCUs, which are regionally located within a short distance of a FedEx operating or distribution facility.
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Business Sylvamo enters into cooperation agreement with its largest shareholder
The new cooperation agreement includes customary restrictions and voting commitments.
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Financial Services First Horizon extends outside merger date with TD Bank
The transaction date has been moved from Feb. 27 to May 27, in accordance with the terms of the merger agreement.
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Transportation & LogisticsCould TDOT help secure a Memphis-to-Nashville Amtrak line?
Amtrak has proposed a new service that would connect Atlanta to Chattanooga and Nashville, but the Tennessee Department of Transportation could push for a Memphis-Nashville line.
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