Meet FedEx’s proposed board of directors
All of FedEx’s board members are up for election or reelection when the company’s shareholders have their annual meeting, scheduled this year for Monday, Sept. 19.
Rob Moore
There are 789 articles by Rob Moore :
-
August 2022
-
Transportation & Logistics -
Transportation & Logistics FedEx adds to board of directors after agreement with activist investor
FedEx also announced Monday it will nominate retired Navy Vice Admiral Nancy A. Norton to its board when the company holds its annual meeting of stockholders in September.
-
Transportation & Logistics FedEx Ground says it will not negotiate collectively with contractors
“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.
-
Transportation & Logistics FedEx to invest further in artificial intelligence, robotics technology
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.
-
Financial Services First Horizon, TD CEOs discuss ‘fantastic partnership’ at Positively Memphis luncheon
During Monday’s luncheon, both FHN and TD Bank N.A. CEOs stressed Memphis’ ongoing role in new institution’s operations.
-
-
July 2022
-
Business International Paper reports strong second quarter earnings
Increased earnings were driven, in part, by higher prices.
-
Ford Megasite Work at BlueOval City on schedule, says design builder
Interior construction isn’t expected to begin until April 2023, with peak construction in the months that follow.
-
Premium
Transportation & LogisticsMajor contractor for FedEx Ground says network’s in ‘far more peril than anyone realizes’
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.
-
Financial Services First Horizon and TD Bank CEOs to make first joint appearance in Memphis
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.
-
Transportation & Logistics Airport president and CEO to retire
“Scott’s impact on the success of MEM cannot be understated,” said the chair of the Memphis-Shelby County Airport Authority board.
-
Transportation & Logistics FedEx enjoying sky-high profits, but imposing challenges loom
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.
-
Premium
Transportation & LogisticsWhy is FedEx closing its data centers and moving to the cloud?
The logistics giant is closing its remaining data centers and moving completely to the cloud, a decision that it says will take two years.
-
Financial Services Pinnacle Financial continues Whitehaven investment
“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.”
-
Ford Megasite Ford finalizes joint venture for EV battery facility at BlueOval City
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.
-
Transportation & Logistics FedEx’s Network 2.0 initiative a ‘fundamental’ shift in operations
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.
-
Transportation & Logistics One service center is building its own workforce to address labor shortage
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.
-
-
June 2022
-
Transportation & Logistics FedEx maps out strategy to increase earnings, operating income
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.
-
Transportation & Logistics FedEx predicts sizable profit growth over next three years
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.
-
Transportation & Logistics Hundreds of FedEx pilots picket for updated contract
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.
-
Business ‘Pen to Paper:’ IP featured on ‘How America Works’ with Mike Rowe
The episode focused on the paper trade in the U.S., as well as the workers who keep it functioning.
-
Transportation & Logistics FedEx delivers 52 tons of medical aid for Ukrainian refugees
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.
-
Business FedEx reports strong quarter as new CEO takes the reins
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.
-
Premium
Transportation & LogisticsBig FedEx stock jump had help from New York wealth-management firm
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.
-
Ford Megasite Ford panel, ‘listening and learning,’ says BlueOval City still on schedule
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.
-
Elections Trump teases second run during stop in Southaven
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.
-