Fred’s files for Chapter 11 bankruptcy
Fred’s Inc. filed for Chapter 11 bankruptcy Monday, Sept. 9, bringing an end to a longtime Memphis institution.
Wayne Risher
Reporter
Business news reporter, 43-year veteran of print journalism, 35-year resident of Memphis, University of Georgia alumnus and proud father and spouse of University of Memphis graduates.
There are 745 articles by Wayne Risher :
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September 2019
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Business Commerce asks D.C. court to dismiss FedEx lawsuit on policing exports
The U.S. Commerce Department has asked a federal judge in Washington to dismiss a lawsuit arguing Export Administration Regulations unfairly burden FedEx with watch-dogging the contents of shipments.
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Business FedEx sets 2020 rates, holds line on residential surcharges for peak season
FedEx announced 2020 shipping rates Monday, Sept. 16, and said it would not impose an additional residential delivery surcharge for the third consecutive holiday peak season.
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Premium
Business100 North Main owners offer Plan B for second convention center hotel
With the City of Memphis and Loews Hotels close to a development deal on a convention center hotel, 100 North Main's alternate proposal is viewed as Plan B.
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Business Guardsmark founder Ira Lipman dies in New York
Ira A. Lipman, founder of the formerly Memphis-based private security firm Guardsmark, has died in New York City.
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Transportation & Logistics FedEx paints belt-tightening picture in earnings miss
Memphis-based FedEx Corp. on Tuesday, Sept. 17, reported earnings for the June-August quarter.
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Premium
Transportation & LogisticsDean Kamen’s iBot saved FedEx years of R&D on delivery robot, inventor says
The new iBot personal mobility device could ride the coattails of Roxo, the FedEx SameDay Bot. Inventor Dean Kamen told The Daily Memphian he has high hopes for the collaboration.
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Transportation & Logistics FedEx to add more than 3,250 workers in Memphis area for peak season
FedEx said Wednesday it will hire more than 3,250 workers in the Memphis area and more than 55,000 companywide to meet customer demand during the upcoming holiday peak season.
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Business FedEx says profits could rebound by 2021 if economy holds steady
FedEx believes it is on track to "easily" grow earnings per share 10%-15% by 2021, though the global economy is a major wild card in forecasting future results.
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Metro FedEx says it’s gathering facts in case of pilot detained in China
FedEx said a pilot was detained and later released on bail after Chinese authorities found an item in his luggage as he waited to board a commercial flight in Guangzhou.
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Transportation & Logistics Airport officials monitor FedEx fleet reductions as cargo volume falls
Memphis International Airport officials say they are keeping an eye on FedEx Express operational needs as the company moves to reduce air express capacity to save money.
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Business FedEx, Wing Aviation tout first of kind drone test to deliver for Walgreens
FedEx, Walgreens and Wing Aviation say they'll deliver to consumers via drones in a federally sanctioned test of the commercial viability of unmanned aircraft systems in Virginia in October.
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Business Amazon pulls back the curtain on Memphis delivery station
Amazon opened its new Memphis delivery station to the media, public officials and Getwell Elementary students Thursday. The open house gave a glimpse into the e-commerce giant’s Memphis delivery network.
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Transportation & Logistics FedEx doesn’t dwell on past in annual shareholder meeting
FedEx shareholders returned 12 directors to the board, endorsed company plans for named executive officer compensation and shot down two proposals from dissident stockholders during the company's annual meeting in Memphis Monday.
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Transportation & Logistics Memphis airport maintains No. 2 world ranking for cargo
Memphis held its No. 2 ranking among the top cargo airports globally for 2018, according to the Airports Council International.
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Business Southwest to compete on Memphis-Atlanta air service starting next March
Memphians will have a choice on nonstop flights to Atlanta for the first time in more than three years, when Southwest launches Memphis-Atlanta service starting March 7, 2020.
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Transportation & Logistics FedEx volunteers put taste of home in USO holiday bags
More than 200 FedEx volunteers assembled 12,000 holiday gift bags for the USO Holidays campaign Thursday, Sept. 26, at FedExForum.
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Business FedEx looks to hire 3,250 in Memphis for peak
FedEx is adding 3,250 workers in the Memphis area to help it handle a surge in package volume between Thanksgiving and Christmas.
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Business Airport sounds early warning for fall break bottleneck
Memphis International Airport is expecting a big crowd of fall break travelers in October. Airport officials are taking steps to cope with long lines at security.
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Business Bluff City shines in prime time, pins hopes on film tourism boom
Analysis of a property tax break for “Bluff City Law” suggests a big payoff in film tourism and spending in Memphis, but some experts believe the claims are exaggerated.
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October 2019
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Elections Herenton concession biggest news of early trends in voting
Check here throughout the day to see how balloting is going around the city, and into the evening as ballot tabulation begins.
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East Memphis Poplar Plaza area headquarters marks banner year for CTSI Global
CTSI Global, a Memphis-grown provider of logistics technology, marked its move to a new headquarters at 1 South Prescott near Poplar Plaza Friday, Oct. 4.
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City of Memphis Affordable housing provider retools Downtown HQ, gears up for CEO’s exit
ALCO Management Inc., Memphis-based provider of government-subsidized rental housing in nine states, is expanding and updating Downtown offices and preparing for the July 2020 retirement of founder Frank Jemison.
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Transportation & Logistics FedEx seeks to simplify e-commerce returns via Walgreens
FedEx Returns Technology will be deployed at FedEx pickup and dropoff locations inside about 9,000 Walgreens stores in time for the holiday peak season.
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Real Estate Real estate group eyes benefits of Opportunity Zone investor incentives
The Memphis Area Association of Realtors Commercial Council on Tuesday presented a discussion of the investor potential of Opportunity Zones and how federal tax law might benefit distressed neighborhoods.
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