Bluff City Biz: Blue Oval City, business in Russia with John Threadgill
“I would suspect that most of the companies that entered into the Russian market either had a contingency plan,” the Bartlett Chamber president said.
Rob Moore
There are 762 articles by Rob Moore :
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March 2022
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Ford Megasite -
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Transportation & LogisticsWhy isn’t there Amtrak service between Memphis and Nashville?
Amtrak released its “Connect US 2035” plan last month, rekindling interest among state leaders for a Memphis-to-Nashville connection.
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BusinessBrownsville retirement home catches eye of Ford CEO
“They know that Ford will change our town,” said Diane Hooper, executive director of Sugar Creek. “But I think they’re very excited for future generations and what this is going to mean for our county.”
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Transportation & Logistics Memphis International anticipates busy Spring Break
Airport officials expect peak days to include Friday, March 11, and Sunday, March 13.
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Business International Paper to consider selling interest in Russian venture
International Paper declined to comment further about its plans for operating in Russia following its full-scale invasion of Ukraine.
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Ford Megasite Megasite Authority approves site plan for Blue Oval City
Ford now needs to secure an environmental permit before moving forward with site work at its planned $5.6 billion electric vehicle plant in West Tennessee.
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Transportation & Logistics FedEx Express chief to retire; Richard Smith will take over
Richard W. Smith will become president and CEO-elect of FedEx Express following the announcement Thursday, March 10, that Donald F. Colleran will retire effective Dec. 31, 2022.
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BusinessWill the crisis in Ukraine affect Mid-South business conditions?
“If we want to solve this problem in Ukraine using gas and oil as one of the solutions, then in fact it’s going to cost us,” said a local economist.
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Business Sylvamo to suspend operations in Russia
Russian operations accounted for roughly 15% of Sylvamo’s total revenue in 2021.
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Business Bluff City Biz: Ford and First Horizon
We’re highlighting two series of stories published last week: The First Horizon acquisition and progress with Ford’s Blue Oval City.
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Financial ServicesMemphis loses last ‘Big Three’ bank with First Horizon acquisition
Like Union Planters, which was acquired by Regions in 2004, and National Bank of Commerce, also acquired in 2004 by SunTrust, First Horizon could not avoid industry consolidation forever.
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Ford MegasiteFord will run EV and ICE businesses separately, one of the ‘biggest changes’ in its history
Demand for the F-150 Lightning will be crucial to Ford’s planned operations in West Tennessee.
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Ford Megasite Ford focused on attracting students to future careers at expo
“We’re looking for technical, we’re looking for operational, we’re looking for lean and professional behaviors when we think about that ideal worker of the future,” said Liliana Ramirez, Ford’s workforce development director.
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Ford MegasiteIs Shelby County ready to capitalize on Ford’s Blue Oval City?
Site work at Blue Oval City could begin as early as March 15, and local officials say Shelby County is poised to be an electric vehicle hub “if we dare to dream big enough.”
Related stories:
Ford, ready to grow workforce, begins to recruit eighth-graders
Ford will run EV business separately as Ford Blue
HTL’s Mark Herbison visits Fayette County to speak about Blue Oval City -
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Financial ServicesToronto-Dominion Bank acquiring Memphis-based First Horizon
A Canadian banking and financial firm will pay $25 a share, a 37% premium on FHN’s last close. Shares of the Memphis-based financial institution were up nearly 32% in early trading.
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Business Despite ‘very challenging’ environment, AutoZone earnings exceed expectations
AutoZone reported net sales up almost 16% from the second quarter last year.
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Business Bluff City Biz: Women in business with Martha Hample and Vonesha Mitchell
This week, we’re joined by Martha Hample, managing partner of Hampline Brewing, and Vonesha Mitchell, executive director of the Women’s Business Center South.
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Financial ServicesNew First Horizon owners say they’re committed to retaining talent
On a conference call Monday, Feb. 28, Toronto-Dominion group president and CEO Bharat Masrani announced plans to invest $150 million to keep First Horizon employees.
Related story:
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February 2022
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Transportation & Logistics FedEx suspends operations in Ukraine
Russian invasion prompts FedEx to indefinitely suspend its services in Ukraine.
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Metro MATA to explore adding self-driving vehicles to its fleet
MATA will work with Virginia-based Moment AI to develop and deploy autonomous vehicles. The vehicles would still require an operator.
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Business Monogram Foods announces resignation of CFO
She will be replaced by a former VP at Hormel Foods.
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Transportation & LogisticsState lawmaker calls for Memphis-to-Nashville Amtrak line
State Rep. Jason Powell plans to start a new caucus, the Train Travel Caucus, to increase rail infrastructure in Tennessee.
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Ford MegasiteMeet the Ford exec who’s project manager for Blue Oval City
As electric vehicle footprint director and project manager of Blue Oval City, Greg Christensen will be tasked with helping the iconic brand transition into the era of EV.
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Business Bluff City Biz: Concourse B and Blue Oval City with Ted Townsend
“In many cases, this will be the first impression or experience our visitors will have when they’re coming to Memphis,” Townsend said, “and hopefully we’ll see many, many returns as a result of it.”
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Business Memphis-based material handler expands operations in West Tennessee
Recent economic development throughout West Tennessee, including Ford’s $5.6 billion auto campus in Haywood County, has been a boon to business.
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