FedEx details China comeback in otherwise cloudy earnings outlook
FedEx reported earnings for the December-February quarter on Tuesday, March 17, amid widespread uncertainty about coronavirus impact on future.
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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March 2020
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Business Updated: Huge shipment of donated COVID-19 test kits, masks moves through Memphis
Chinese billionaire Jack Ma's donation of coronavirus test kits and masks to the U.S. was handled at Memphis International Airport, with a little help from FedEx.
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Transportation & Logistics FedEx making strides on big picture despite short-term pain
FedEx shares rallied Wednesday, a day the after company reported recent positive trends in China and U.S. e-commerce amid a sea of uncertainty over coronavirus.
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Transportation & Logistics FedEx chief dishes on coronavirus in Fox News interview
FedEx chairman Frederick W. Smith discussed operating worldwide during a pandemic in a Fox News interview Wednesday.
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Transportation & Logistics Airport adds to FedEx, UPS leases, ponders virus impact
Memphis International Airport officials approved leasing more land to FedEx and UPS, noting that cargo activity is expected to continue amid uncertainty of coronavirus.
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Business ‘Like military base on high alert,’ FedEx hub aids COVID-19 fight
Business as usual at FedEx world hub in Memphis means moving coronavirus test materials, protective gear and coveted commodities.
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Coronavirus Coronavirus daily blog, March 19: Tipton County records first COVID-19 case
Mayor Jim Strickland announces churches, dine-in restaurants and gyms must close.
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Transportation & Logistics Updated: Worker at FedEx corporate HQ tests positive for coronavirus
A case of coronavirus has been reported for an employee at FedEx corporate headquarters on Shady Grove Road in East Memphis. The office was shut down for cleaning and disinfecting.
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LIVE
CoronavirusCoronavirus daily blog, March 20: Graceland closing through at least April 3
The total number of Shelby County cases is up to 30, and Shelby County Schools is scrapping its plan to provide lunches for students due to a Central Nutrition Center employee testing positive for COVID-19.
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Business Memphis Tourism steers visitors to outdoor itineraries
Memphis Tourism officials are encouraging visitors to take walking or bicycling tours of attractions like Big River Crossing and parks.
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Transportation & Logistics FedEx not interested in federal aid at the moment, chief says
FedEx chief Frederick W. Smith said Sunday the company doesn't need federal aid at this time, but "it's a good thing to have there ... if things get really bad."
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Transportation & Logistics FedEx Express works with U.S., retailers to expedite COVID-19 test results across 12 states
FedEx Express worked over the weekend to set up a priority shipping network to expedite processing of coronavirus test specimens from more than 50 testing sites in 12 states.
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Business Jobless toll mounts as hotels furlough, eateries close
Tourism executive estimates 35,000 industry-related workers in Memphis area have been temporarily laid off.
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Special Report
Transportation & LogisticsNo shortage of food, but grocers limited by rationing of paper products, bread
Memphis-area groceries say there’s no shortage of food products, but paper products is another story.
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Transportation & Logistics Inside look at FedEx’s special operation to speed COVID-19 testing
FedEx responded quickly when federal agencies asked for expedited movement of coronavirus test specimens from remote testing sites to labs. The network launched Saturday, March 21.
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Transportation & Logistics FedEx adds temperature screening to COVID-19 precautions at Memphis world hub
The FedEx Express hub in Memphis has added no-touch thermal imaging and forehead temperature testing for workers, vendors and visitors to its precautions to prevent the spread of coronavirus.
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Coronavirus Coronavirus daily blog, March 24: SCS to remain closed ‘until further notice’
The number of confirmed cases in Shelby County is up to 135; confirmed cases are up to 29 in DeSoto County.
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Transportation & Logistics FedEx tacks on COVID-19 surcharges to international shipments
FedEx said it will implement surcharges on international shipments effective April 6, due to limited cargo capacity, particularly in Asia.
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April 2020
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Business Waiting for the stimulus, jobless look to expanded unemployment relief
Legions of laid-off residents, from restaurant and hotel workers to self-employed, freelancers and participants in the gig economy, await Tennessee's processing of enhanced unemployment benefits funded by Uncle Sam.
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Premium
Transportation & LogisticsFedEx Freight HQ relocating to Southwind area
FedEx Freight, the less-than-truckload unit of Memphis-based FedEx Corp., is moving its headquarters to Southwind, near the FedEx Express world headquarters.
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Premium
BusinessTennessee reports surge in jobless claims in Memphis area
The two-week toll in unemployment claims in Greater Memphis counties in Tennessee came to 16,903 when state officials reported regional numbers Thursday, April 2.
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Premium
Transportation & LogisticsFred Smith taking big pay cut as COVID-19 squeezes business
FedEx chief Frederick W. Smith has taken a voluntary, 91% pay cut as the Memphis-based company reports COVID-19 continues to negatively impact operations, cash flows and liquidity.
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Business Nearly vacant hotels fill need in coronavirus battle
Considering the slowdown in travel and tourism, it's surprising about 8,000 hotel rooms are still occupied each night in the Memphis area. Hoteliers are seeking their niche in the coronavirus pandemic.
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Coronavirus Coronavirus live blog, April 3: MATA to get more than $35 million
The funding comes from the Federal Transit Administration through the Coronavirus Aid, Relief, and Economic Security (CARES) Act that became law.
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Coronavirus Coronavirus Live Blog, April 6: Shelby County deaths now at 17
The number of coronavirus cases in Shelby County currently stands at 789, according to the Shelby County Health Department.
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