Memphis impact of International Paper spinoff isn’t clear yet
International Paper envisions proposed spinoff printing papers company would remain U.S.-based, but impact of transaction on Memphis headquarters isn’t clear yet.
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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December 2020
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Transportation & LogisticsFedEx flying high into latest earnings report
FedEx and UPS could gain $100 million to $300 million in new revenue from COVID-19 vaccine distribution in the U.S., a Bank of America research report says. Related article: COVID-19 vaccine moves through Memphis hub
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Health Care FedEx delivers COVID-19 vaccine to more than 100 locations
FedEx reported at mid-day Monday, Dec. 14, it had delivered COVID-19 vaccines to more than 100 destinations without incident and ahead of schedule.
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Transportation & Logistics FedEx marks milestone in feeder fleet upgrade
FedEx has taken delivery of first of at least 30 purpose-built turboprop air freighters to serve feeder markets around the world. ATR-72 600Fs will be delivered over five years.
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Financial Services AutoZone expands share buyback program
AutoZone directors have increased the company’s share repurchase authorization by $1.5 billion, pushing the total since 1998 to $24.65 billion.
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Transportation & Logistics Shipathon coming down to the wire for FedEx
FedEx’s Cordova station is seeing more gift items shipped by small, local businesses this peak season, suggesting many have successfully pivoted to the online marketplace amid COVID-19.
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Food News Chick-fil-A part of Memphis airport’s future food plans
Memphis airport officials said Chick-fil-A, Dunkin’ Donuts and Chili’s are among restaurants planned in future phases of concession development, after traffic rebounds toward pre-COVID levels.
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Transportation & Logistics Memphis airport rolls out COVID-19 testing program
Memphis International Airport employees are being tested for COVID-19 each day they work at the airport, as part of an assurance testing program that the airport hopes to expand.
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Transportation & Logistics E-commerce, international rebound fuel ‘strong’ FedEx growth
Memphis-based FedEx Corp. reported strong second quarter earnings on Thursday, Dec. 17, but withheld guidance for the full year.
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Transportation & Logistics Moderna vaccine moving Sunday via FedEx
FedEx said Saturday, Dec. 19, it’s ready to start moving the Moderna vaccine for COVID-19.
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Transportation & Logistics COVID-19 vaccine moves through FedEx Memphis hub
The first COVID-19 vaccines for U.S. use arrived at FedEx’s Memphis hub about 11:30 a.m. Sunday. By 4 p.m., vaccine shipments had started moving to final destinations. Related article: FedEx flying high into latest earnings report
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Transportation & LogisticsFedEx navigates COVID, peak volumes
Peak preparation expenses cost more and took longer to get set due to more restrictions and safety considerations surrounding COVID-19, FedEx Ground’s president and CEO said.
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Health Care First FedEx deliveries of Moderna vaccine coming Monday
The first truckload of Moderna’s COVID-19 vaccine destined for U.S. administration sites rolled into the FedEx Express world hub in Memphis about 9:45 a.m. Sunday, Dec. 20.
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Collierville Mueller Industries to buy flexible duct maker
Mueller Industries, a Collierville-based industrial manufacturing holding company, has an agreement to buy a flexible duct business.
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Transportation & Logistics Inside FedEx’s shipment of COVID-19 vaccines
FedEx Express workers describe how first shipment of Moderna COVID-19 vaccines moved through the Memphis world hub and beyond on Sunday, Dec. 20.
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Spirit of Memphis‘A heckuva engineering project’ — boardwalk, cable bridge connect greenway, Greenline
Wolf River Conservancy is almost halfway home in a decades-long quest to build 26-mile Wolf River Greenway spanning Memphis. Next up: completing connection to Shelby Farms Greenline by next summer.
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Transportation & LogisticsShopRunner brings e-commerce in-house at FedEx
FedEx said Monday, Dec. 28, it had closed on the acquisition of ShopRunner, a membership-based online shopping platform. A purchase price wasn’t disclosed.
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Transportation & Logistics Crude oil pipeline opponents seek broader review
Protect Our Aquifer and other environmental groups have asked the U.S. Army Corps of Engineers not to fast-track approval for the Byhalia Connection crude oil pipeline.
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Financial Services U of M mulls future of business research unit after chief’s retirement
University of Memphis officials say they’re mulling over the future of Sparks Bureau of Business and Economic Research to see if it can continue serving business, government and community organizations.
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Transportation & Logistics Cobblestone landing bids under review by city
The City of Memphis is evaluating bids ranging from $9.4 million to $10.1 million for restoration of and other improvements to the historic Memphis cobblestone landing.
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