There are 762 articles by Rob Moore :
“FedEx Ground will not discuss, negotiate, or renegotiate service provider agreements or financial terms with a committee or any individual purporting to represent a collective body of service provider businesses,” FedEx Ground CEO John Smith said in a letter to contractors.
Per the new agreement, FedEx will purchase up to $200 million in services from a Massachusetts-based technology company, in exchange for warrants for 25 million shares of its stock.
During Monday’s luncheon, both FHN and TD Bank N.A. CEOs stressed Memphis’ ongoing role in new institution’s operations.
Increased earnings were driven, in part, by higher prices.
Interior construction isn’t expected to begin until April 2023, with peak construction in the months that follow.
FedEx Corp. counters that the more than 6,000 service provider businesses in its Ground network earned an average revenue of $2.3 million in 2021.
The luncheon, which will be held at 11:30 a.m. at the Holiday Inn at the University of Memphis, will feature a conversation on TD’s acquisition of FHN.
“Scott’s impact on the success of MEM cannot be understated,” said the chair of the Memphis-Shelby County Airport Authority board.
In its annual report for the fiscal year ended May 31, FedEx disclosed numerous risks to its business, including Russia’s invasion of Ukraine and increased competition.
The logistics giant is closing its remaining data centers and moving completely to the cloud, a decision that it says will take two years.
“We want to be a real partner in the community,” said Steve Swain, senior vice president and community lending manager for Pinnacle. “That includes creating a safe space, another resource where people can meet and bring in members of the underserved community.”
The venture between Ford and SK Battery America Inc., a wholly-owned subsidiary of SK On, will build and operate the battery plant at BlueOval City at the Megasite of West Tennessee as well as two battery plants in Kentucky.
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.
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.
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.
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.
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.
The episode focused on the paper trade in the U.S., as well as the workers who keep it functioning.
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.
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.
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.
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.
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.
For the union, the two primary issues in the current round of negotiations are retirement benefits and matters related to quality of life.
An SEC filing reveals how much Raj Subramaniam and FedEx founder Fred Smith will earn in their new roles.