FedEx delivers Vince Lombardi Trophy ahead of Super Bowl LVII
A FedEx Express courier with 36 years of service delivered the trophy via a FedEx Express delivery van.
Rob Moore
There are 762 articles by Rob Moore :
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February 2023
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Transportation & Logistics -
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Public SafetyTBI confirms officer in critical condition after East Memphis shooting
A heavy police presence was spotted at the White Station Poplar Library around 12:30 p.m. on Thursday, Feb. 2.
TBI confirms officer in critical condition after East Memphis shooting
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Transportation & LogisticsHow FedEx is cutting costs by more than $3 billion
FedEx confirmed during the company’s December 2022 earnings release that it will try to cut costs by more than $3 billion throughout the fiscal year.
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Business GM to invest $14 million in Memphis parts center
General Motors’ Memphis Parts Distribution Center, which was opened in 1999, ships 331,700 orders per month and employs 259 people.
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Transportation & Logistics FedEx Freight to enact additional furloughs
In an email with The Daily Memphian on Friday, Feb. 3, a representative of FedEx confirmed the company is enacting these furloughs in addition to the ones announced in November 2022.
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Spirit of Memphis Students join rapper NLE Choppa ‘to skate for Tyre’
“I was just trying to turn a negative into a positive. That’s my main goal today.”
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Financial ServicesFedEx to lay off 10% of officer and director teams
Following two back-to-back quarters that saw FedEx report earnings well below company expectations, the shipping giant has been enacting sweeping cost-cutting initiatives.
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January 2023
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Business International Paper’s earnings beat expectations as the company turns 125
The Memphis-based company reported 2022 adjusted operating earnings of $1.2 billion, compared with the $944 million it recorded for 2021.
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Transportation & Logistics FedEx to award small businesses more than $300,000
The 10 small businesses chosen by FedEx will win $30,000 and $1,000 in FedEx Office print credit.
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City of Memphis Protesters block access to Ridgeway Police Station
One protester said local activists will keep protesting until all the officers involved in the events that lead to Tyre Nichols’ death have been identified.
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Transportation & Logistics Arvato Memphis focuses on logistics for medical device manufacturing
“As a logistics company, you have to have a footprint in Memphis.”
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Business International Paper to sell remaining Russian interests
IP will sell its remaining interest to its joint venture partners for $484 million, according to a statement from the Memphis-based company.
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BusinessInternational Paper to invest $103 million in Iowa plant
IP’s in-house goals include a target to reduce enterprise greenhouse gas emissions by 35% by 2030.
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Transportation & Logistics Expanded bus service connects Memphis to 14 cities
Megabus is broadening its service options, linking Memphis to the Midwest.
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Transportation & Logistics FedEx volunteers package more than 30,000 meals for MLK Day
In addition to Memphis, meals will be packaged in eight other U.S. cities including Atlanta, Houston and Los Angeles.
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Transportation & Logistics FedEx’s Fred Smith says ‘Devotion’ story ‘just struck a chord with me’
The FedEx founder financed the film, about the first Black aviator to complete the U.S. Navy’s basic flight training program, and is donating the movie’s proceeds to the Marine Corps Scholarship Foundation.
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Business Departing US flights grounded after FAA computer outage, Memphis affected
The White House said that there is no evidence of a cyberattack, but President Joe Biden directed the Department of Transportation to investigate the cause of the disruption.
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Financial Services First Horizon acquisition expected to close by April
According to the CEO of Toronto-Dominion Bank, the deal has been delayed due to U.S. regulatory oversight as well as the drafting of a community benefits agreement.
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Transportation & Logistics FedEx Ground to make sweeping cuts to Sunday deliveries
Before cuts beginning last August, FedEx made Sunday deliveries to more than 80% of the U.S. population; the changes bring that number down to more than 50%.
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Financial Services Chase bank set to enter Memphis market
Chase, which reported assets of $3.31 trillion in 2022, plans to open at least six branches in the Memphis area and employ eight to 10 people at each location.
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Transportation & Logistics Shipping with FedEx is now more expensive than ever
FedEx Express, FedEx Ground and FedEx Home Delivery shipping rates are now at the highest ever.
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Business Yuletide Office Solutions merges with Nashville company
Yuletide said some of its employees will continue operating from the company’s office at 1245 Sycamore View, while some employees are expected to move to the A-Z Nashville corporate team.
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Financial ServicesHow the Memphis-based public companies spent 2022
Mergers and acquisitions, leadership transitions, uncertain economic conditions, global tensions — local publicly traded companies faced numerous challenges in 2022.
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Financial ServicesWhat Memphis-based public companies predict for 2023
Memphis-based public companies FedEx, International Paper, Sylvamo and AutoZone have cautious outlooks for 2023.
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Ford MegasiteFord’s BlueOval City got on the road in 2022
Ford began the first phases of construction at BlueOval City during the past year, and the automaker has continued to expand its presence in West Tennessee.
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