FedEx to consolidate its Canadian Ground and Express operations
The Memphis-based said the transition will take place in phases beginning in April 2024, affecting around 200 contractors.
Rob Moore
There are 762 articles by Rob Moore :
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June 2023
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Transportation & Logistics -
Transportation & Logistics FedEx shares down as company reports mixed quarter
Revenue for the fourth quarter was a few billion shy compared to the $24.4 billion the company announced in the same quarter of 2022.
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FedEx to consolidate its Canadian Ground and Express operations
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Transportation & Logistics Memphis airport expects more than 55,000 travelers over July Fourth break
The holiday period is Thursday, June 29, to Wednesday, July 5, with the peak expected to be Friday, June 30, when more than 10,000 people are expected to pass through the checkpoint.
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July 2023
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BusinessInked: Amro tunes up, Tesla adds charging station
Amro Music first opened shop in Memphis in 1921, surviving the Great Depression a decade later by trading milk and eggs for piano lessons. Today it’s the largest piano, band and orchestra dealer in the Mid-South.
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Downtown New details of the Downtown Dream Hotel design revealed
Most notably, the eastern portion of the building will consist of a new tower that ties into the original frontage on Main Street.
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Business Local management and finance sector could grow by as much as 5% by 2027
The Greater Memphis Chamber found that the management of companies and enterprises sector saw employment growth of 24% in the last five years.
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Transportation & Logistics FedEx urges customer action as UPS strike appears likely
The move from FedEx follows a breakdown in negotiations between UPS and the Teamsters union; more than 300,000 UPS workers could go on strike at the end of July.
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Transportation & Logistics Atlanta company closes on Olive Branch industrial facility
The industrial building, which is fully leased to Barrett Distribution Centers, was delivered in 2022.
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Real Estate Developers of historic South Main Masonic building seek new incentives
In 2022, AOD Properties was awarded a $60,000 Exterior Improvement Grant from the Downtown Memphis Commission to renovate the building at 154 G.E. Patterson Ave.
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Transportation & Logistics Southwest launches Memphis-Washington D.C. nonstop service
The airline’s other Memphis destinations are Atlanta, Baltimore, Chicago, Dallas, Denver, Houston, Orlando and Phoenix.
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Real EstateInked: Crump Firm expands, St. Mary’s renovation moves forward
The Crump Firm is expanding its presence in East Memphis at the Crescent Center. St. Mary’s Episcopal Cathedral moves forward with a $1.4 million renovation project.
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Real EstateInked: The Edge Lofts move forward; Rumble Boxing comes to Memphis
In this week’s Inked: University Lofts is moving forward in the Edge district, a private shooting range has plans for Cordova, the Highland Strip gets a Red Koi and Rumble Boxing opens its first Memphis location.
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Real Estate Owner prepares sale of Eastgate Shopping Center’s office buildings
An affiliate of Gulf Coast Commercial Management, 210 Development bought the 450,000-square-foot office and retail center in 2022 for $49.1 million.
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Business Greater Memphis Chamber travels to New York, shares Bluff City’s story
Chamber leadership met with media representatives in the Big Apple to discuss Memphis’ robust economic development pipeline, as well as the area’s workforce diversity.
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Transportation & Logistics FedEx names new CFO and EVP, announces shifts in its finance team
The Memphis-based company announced Monday, July 17, its hiring of John W. Dietrich to the role, which will be vacated by CFO Michael C. Lenz on July 31.
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Transportation & LogisticsNew FedEx CFO will earn an annual salary of $919,000
In addition to his salary, FedEx announced Monday that Dietrich will receive a signing bonus of $200,000, which will be paid in two installments.
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FedEx names new CFO and EVP, announces shifts in its finance team
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BusinessInked: $2.5M for Millington airport, 48 S. McLean Blvd. project moves forward
When the Federal Aviation Administration announced in March it would invest $14.8 million into upgrades at Memphis International Airport, the agency also announced it would grant Millington’s airport $1 million toward the new terminal.
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Transportation & Logistics FedEx lays off small team, closes Indianapolis facility
“Decisions of this nature are never made lightly and are the result of much thought and consideration for the needs of our business,” FedEx said in a confirmation email to The Daily Memphian.
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Exclusive
Financial ServicesFirst Horizon CFO says strong earnings day should reassure clients and investors
Despite potential uncertainty following the dissolution of a $13.4 billion merger with TD, First Horizon says it pulled in 32,000 new-to-bank clients during the quarter, bringing $3.5 billion in deposit balances.
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Transportation & Logistics Airport Authority approves nearly $50M for new development projects
The bulk of that went to approve a proposal of more than $44 million for the reconstruction of the west half of the Taxiway Alpha at Memphis International Airport.
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Ford Megasite Manufacturer to invest more than $790M in BlueOval supplier facilities, create 1,300 jobs
One of the world’s largest automotive suppliers will build the first two supplier facilities at Ford’s BlueOval City supplier park in Stanton, Tennessee.
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Ford MegasiteBuilding 3 plants to supply BlueOval ‘really shows our commitment’
Altogether, Canada-based Magna International plans to invest $790 million to create three facilities to supply parts for the campus near Stanton, Tennessee.
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Update
Transportation & LogisticsFedEx pilots reject new contract
FedEx pilots rejected a tentative agreement with the company by a vote of 57% to 43%.
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Transportation & LogisticsOn the road to consolidation, FedEx’s aircraft fleet grows
One of the main reasons FedEx’s fleet has grown despite the company saying it plans to scale back is due to purchase commitments it has made with aircraft manufacturers like Boeing.
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Transportation & LogisticsWhy did deal between FedEx and pilot union collapse?
The news Monday left some wondering if a strike by FedEx pilots was imminent.
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