Memphis in May posts record red ink
The Memphis in May International Festival recorded a loss of nearly $1.8 million in fiscal 2020, the largest loss in its 44-year history.
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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October 2020
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Business -
Transportation & Logistics AutoZone growing distribution center in Lexington
The expansion in Henderson County will cost $42 million and add 45 jobs over five years.
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Collierville Mueller Industries reports ‘gratifying’ earnings uptick
The Collierville-based company cited higher copper prices and revenue increases from newly acquired businesses for a boost in third-quarter earnings.
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Premium
Transportation & LogisticsSunday delivery, more efficient networks key FedEx peak plan
Henry Maier, president and chief executive officer of Pittsburgh-based FedEx Ground, talks about the COVID-19 package surge and preparations for upcoming holiday peak season during interview with The Daily Memphian.
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Downtown Half full or half empty, hotels slowly recovering
Memphis hotel occupancy hit bottom at 31% in April before rebounding, while Downtown’s low point was 14.7% occupied in April, STR found.
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Transportation & Logistics FedEx hiring Saturday for hub positions
Job fair Saturday at FedEx Express world hub in Memphis is first since FedEx announced it would take on 2,000 more workers to meet demands of holiday peak season.
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City of Memphis Unemployment nudges down in Memphis, Shelby
The Shelby County unemployment rate is back in single digits for the first time since COVID-19 hit in March, according to the state’s September jobs report.
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Transportation & Logistics FedEx announces hub worker shuttle schedule
The shuttles will serve both current employees and job applicants for some of the hub’s 2,000 openings.
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Golf TruGreen signs on as official PGA Tour partner
TruGreen is now the Official Lawn Care Treatment Provider of the PGA Tour, boosting its profile in the golf world.
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Update
BusinessInternational Paper adapting to growing e-commerce demand
Industrial packaging sales were the company’s strongest segment, reflecting continued demand for corrugated cardboard for shipping boxes.
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Premium
Transportation & LogisticsRoxo the robot cribbing for FedEx’s high-tech future
The third-generation of Roxo the SameDay Bot is “learning a lot” as FedEx prepares to deploy the local delivery robot in future years.
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November 2020
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Transportation & Logistics FAA extends drone test at Memphis airport, FedEx hub
The Federal Aviation Administration will continue working with Memphis International Airport and other drone testing sites after end of a three-year Unmanned Aircraft Systems Integration Pilot Program Oct. 25, 2020.
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Downtown Ritchie Smith honored for design work on Big River Crossing
Jurors cited landscape architect Ritchie Smith’s work on Big River Crossing for making a notable contribution to infrastructure design and creating an outdoor space that’s accessible to all.
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Health Care Stryker expects Wright Medical deal to close this month
Medical device maker Stryker Corp. last week reported strong third quarter earnings and momentum in the extremities and trauma business heading into 2021 after the planned addition of Wright Medical.
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Business Terminix charts path forward on costly termite claims
Terminix made its first quarterly earnings report as pure-play pest control company on Thursday, Nov. 5.
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Transportation & Logistics FedEx claims IRS misstep, seeks $89 million refund
FedEx says it overpaid federal taxes by more than $89 million for 2018 and 2019, because of a flawed Internal Revenue Service rule about taxing foreign profits.
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Business Contractors busy, but scrambling to stay that way
A sampling of businesses in the Memphis construction sector shows revenues down because of COVID-19 and businesses concerned about lining up projects for next year and beyond.
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Business Memphis self-storage firm taken private by NexPoint
Extra Space Storage bought $300 million of Jernigan Capital preferred shares, gaining control of 37 properties as Jernigan was bought by private equity firm NexPoint Advisors.
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City of Memphis Memphis clears key hurdle in water rights dispute
There may be light at the end of the tunnel in Mississippi’s long-running challenge of Memphis’ right to withdraw water from Middle Claiborne Aquifer.
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City of Memphis Protect Our Aquifer challenges TVA power contracts
Environmental advocates including Protect Our Aquifer have sued TVA, saying new agreements for power distributors weren't properly reviewed for environmental impacts before they were put in place in 2019.
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City of Memphis Protect Our Aquifer taps Jim Kovarik as executive director
Protect Our Aquifer, which is dedicated to protecting the Memphis Sand Aquifer that provides the region with drinking water, has hired its first executive director, Jim Kovarik.
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Update
Health CareStryker completes purchase of Wright Medical
Wright Medical has about 700 employees in the Memphis area.
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Transportation & Logistics FedEx ramps up for COVID-19 vaccine distribution
FedEx is hiring, buying freezers and working with pharmaceutical companies to plan a massive distribution effort for the coronavirus vaccine, in which Memphis is expected to play a crucial role.
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Health Care FedEx ‘incredibly confident’ in vaccine delivery plan
FedEx is in daily contact with stakeholders in the COVID-19 vaccine supply chain, from manufacturers and distributors to government agencies to some sites where vaccines will be administered.
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Transportation & Logistics FedEx, Dell, Switch launch new IT collaboration
Dell, Switch and FedEx said Thursday, Nov. 12, they’ll build technology hubs that can support multiple cloud environments with Switch’s edge data centers and Dell’s cloud infrastructure.
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