Transportation & Logistics
FedEx primed for growth through 2021
If current trends continue, FedEx expects to have the cash to restore annual incentive compensation bonuses last paid in 2018 as well as funding an hourly incentive plan.
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 2020
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Update
Transportation & LogisticsFedEx gives COVID figures, changes operating principles
FedEx Corp.’s new operating principles acknowledge the need for increasing collaboration among business units FedEx Express, FedEx Ground and FedEx Freight.
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Shelby County ServiceMaster’s community service outreach goes virtual
ServiceMaster’s We Care Day has morphed into We Care Week because of COVID-19. The company will donate money to charities for each “Caring Step” logged by employees.
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Transportation & LogisticsAutoZone earnings surge on strong sales growth
Memphis-based AutoZone said fourth quarter results included many modern era records, such as a 21.8% increase in same-store sales.
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Transportation & Logistics FedEx shareholders nix activist proposals
FedEx shareholders shot down activist proposals on corporate governance, political and lobbying spending disclosure and other matters during a virtual annual meeting Monday.
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Transportation & Logistics FedEx sets peak season hiring in Memphis
FedEx said it’s hiring 3,390 people in the Memphis area to meet expected record demand during the holiday peak season.
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Business Shelby’s jobs picture worst in Tennessee, again
The number of unemployed Memphians increased in August, although the jobless rate declined because of growth in the labor force.
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Real Estate Zoning board denies variance for convenience store
The Board of Adjustment denied a variance to allow a convenience store and gas station at site flanked by Sam Cooper Boulevard, Hollywood and Broad Avenue.
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Transportation & Logistics FAA adds funding for $300M Memphis airport project
A $31 million Federal Aviation Administration grant announced Thursday for Memphis International Airport’s new de-icing facility brought to $98 million the FAA’s grants announced for MEM in September.
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Business Boats, booze and Fido: Some businesses are winning despite COVID
Some Memphis small businesses are doing well, even growing, during the COVID-19 pandemic: A look at Memphis Boat Center, Hollywood Feed, Phoenix Communications, Kirby Wines & Liquor, Crone Construction.
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Transportation & Logistics FedEx completing ramp expansion in time for peak season
As FedEx prepares for another record holiday peak season and COVID-19 vaccine distribution, more parking space for cargo aircraft is coming online at its Memphis world hub.
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Transportation & Logistics FedEx increasing pay, adding shuttles to meet hub demand
Shuttle buses and a pay premium are among FedEx’s plans to adequately staff the FedEx Express world hub in Memphis for upcoming holiday peak season and COVID-19 vaccine distribution.
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Transportation & Logistics FedEx, churches team up on employee shuttles
A faith-based solution for Memphians who don’t have transportation to jobs: FedEx Express partners with churches on shuttle buses during peak season at Memphis world hub.
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October 2020
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Business ServiceMaster CEO new to bug biz, but service industry pro
Brett Ponton has led tire and muffler, transmission repair and quick oil change chains the last 11 years. ServiceMaster/Terminix is betting killing bugs is all about customer service, too.
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Downtown ServiceMaster completes sale, becomes Terminix
Memphis-based ServiceMaster has completed a $1.55 billion sale of its non-pest control brands.
Related story:
“ServiceMaster CEO new to bug biz, but service industry pro” -
South Memphis Elvis’ grandson Benjamin Keough buried at Graceland
The grandson of Elvis Presley has been laid to rest in the Meditation Garden at Graceland.
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Financial Services Maker of biodegradable utensils and straws gets Memphis boost
A Georgia producer of biodegradable plastics proposes to merge with a blank check company led by Memphis businessman Gary Wunderlich to go public and meet growing demand for eco-friendly plastic.
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Business When will Memphis’ largest companies be back in the office? Not for a while
Larger employers in Memphis don’t expect to relax work-at-home protocols for office workers until next year, and some experts believe virtual commuting will stick around after COVID-19 is contained.
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Transportation & Logistics Roxo the FedEx robot passes ‘egg test’
Rebecca Yeung, vice president for advanced technology and innovation at FedEx, discussed development of Roxo the SameDay Bot during Greater Memphis IT Council Innovation IT conference Thursday, Oct. 8.
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Business Q&A on the latest Tom Lee Park changes
MRPP officials and designers fielded such questions as how views of the river would be preserved, whether playgrounds would create noise for nearby Downtown dwellers and where visitors would park.
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DowntownTom Lee Park plan nixes beach, adds outdoor ‘lounges’
The Memphis River Parks Partnership presents a schematic design for Tom Lee Park on Riverside Drive in Downtown Memphis.
Related: Q&A on the latest Tom Lee Park changes.
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Transportation & Logistics Life on the Mississippi scary, but inspiring
The SS Hail Mary rolled into Mud Island Marina Oct. 12, about 1,000 miles from journey’s beginning in St. Paul, Minnesota. Its skipper, Erich Mische, is raising money for charity.
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Business New Tom Lee Park rental potential sized up
A study done for the Memphis River Parks Partnership by Leo Events estimates new venues in Tom Lee Park could generate as much as $1.243 million in the first year.
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Transportation & Logistics FedEx’s air freight boom fuels Memphis airport cargo growth
Memphis International Airport posted a 17.4% increase in cargo volume in September, the third double-digit monthly increase since COVID-19 hit in March.
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Transportation & Logistics Memphis airport traffic outpaces nation
Memphis International Airport passenger traffic has been hammered by COVID-19, but it’s in better shape than peers nationally. New nonstops to Atlanta and Salt Lake City are bright spots.
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