Airport snares $3 million grant for aircraft repair facility
Memphis International Airport won a $3 million grant from the state to help design and develop an aircraft maintenance, repair and overhaul (MRO) facility.
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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January 2019
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Transportation & Logistics -
Real Estate Chancellor delays hearing on expanded Sheraton challenge of Loews incentives
Attorneys for the Sheraton Memphis Downtown Hotel and the City Council squared off in Chancery Court Tuesday over a challenge to public incentives for a new Loews Hotel.
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Transportation & Logistics FedEx sweeps aside age limit for chairman Smith
FedEx directors eliminated a roadblock to chairman Frederick W. Smith remaining on the board after his 75th birthday this year. Directors also elected David J. Bronczek as their 13th member.
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Transportation & Logistics FedEx pulls back curtain for peek at business relationship with Amazon
Memphis-based FedEx on Tuesday reiterated that Amazon.com is not its biggest customer and said for the first time that Amazon contributed less than 1.3 percent of total revenues in 2018.
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Transportation & Logistics Weekend shutdowns of I-240, Park in East Memphis make way for big bridge slide
Key sections of Interstate 240 and Park Avenue in East Memphis will be closed for the next three weekends for replacement of the Norfolk Southern railroad bridge over I-240.
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Transportation & Logistics Airport posts increases in flights, seats and passengers in 2018
Memphis International Airport posted gains in passengers, flights and available seats on planes in 2018 for the first time since Delta Air Lines dehubbed the airport.
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Business Electrolux will shutter heavily subsidized Memphis plant in 2020
Swedish appliance maker Electrolux announced Thursday it will shut down a Memphis factory in 2020 while investing $250 million in a facility in Springfield, Tennessee.
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Metro Video footage showed Wei Chen’s plane rolling before crash
Memphis businessman Wei Chen's private plane rolled and struck a tree before crashing in a field in suburban Atlanta, killing him and three passengers, a preliminary NTSB report says.
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February 2019
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Business Electrolux says it will voluntarily release tax abatement as assessor pushes clawback
Electrolux's surprise move to close its Memphis plant in two years, idling 530, ignites debate over what can or should be done about incentives that were poured into the plant.
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Real Estate Despite closing plan, Electrolux more than meets PILOT commitment
Despite plans to shut down in two years, Electrolux scored more than enough points to stay in compliance with terms of its tax abatement agreement with Memphis and Shelby County.
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Transportation & Logistics FedEx touts service upgrade as milestone in European growth
FedEx Express Europe announced Wednesday that it was upgrading FedEx Intra-European Economy parcel shipments in seven countries with plans to go Europe-wide by May 31.
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Downtown The Peabody spreads its wings at 150, launches yearlong celebration
The Peabody marks the 150th anniversary of opening on Feb. 5, 1869, with the launch of a yearlong celebration, including multiple ticketed events and offerings.
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Financial Services How will proposed BB&T-SunTrust merger affect Memphis’ No. 3 bank?
North Carolina-based BB&T's proposed acquisition of SunTrust Bank shouldn't have much impact on SunTrust's Memphis portfolio, although experts wonder if a wave of mergers could sweep up homegrown First Tennessee.
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East Memphis Detour ahead: Another closing set for I-240 in East Memphis
The second of three consecutive full weekend closings of Interstate 240 and Park Avenue in East Memphis is scheduled for Feb. 8-11. Crews will be completing a new railroad bridge.
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Real Estate Electrolux downsized staff by 55 percent in runup to closing announcement
Electrolux trimmed its Memphis factory's workforce by more than half during 2018, during the runup to a surprising Jan. 31 announcement it would shut down in Memphis in two years.
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Transportation & Logistics Airport’s inner workings come into focus on ‘World Class Tour’
Memphis International Airport's Jon K. Thompson World Class Tour offers a behind-the-scenes look at the inner workings of the airport and the FedEx Express hub.
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Governor’s first Memphis economic development announcement expected Tuesday
Gov. Bill Lee is scheduled to be in Memphis Tuesday, Feb. 12, for what's expected to be his first economic development announcement in the city.
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Real Estate FedEx Logistics announces headquarters at Gibson Guitar building
FedEx Logistics, the specialty services and trade unit of Memphis-based FedEx Corp., announced Tuesday it would put its headquarters in the Gibson Guitar building, giving FedEx a significant Downtown office presence.
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Real Estate FedEx Logistics, The Clipper are variations on a Downtown theme of live-work-play
Developers of a new FedEx Logistics headquarters in the Gibson Guitar building and an adjoining $250 million mixed-use project hope to fill gaps in Downtown office, hotel and retail.
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Transportation & Logistics FedEx Logistics HQ project wins $3 million in grants, tax freeze worth millions
Public incentives flowed Thursday into a project to retrofit the Gibson Guitar Factory and make it FedEx Logistics' global headquarters. A tax freeze and two grants sailed to approval.
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Business Memphis economy gaining traction, but buy-in isn’t universal
Is Memphis really on a roll, as some political and business leaders say? The Greater Memphis Chamber's inaugural State of the Economy program on Wednesday attempted to answer that question.
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Transportation & Logistics Is Raj Subramaniam ‘the guy’ at FedEx? Only time will tell
Selection of Raj Subramaniam for the No. 2 job at Memphis-based FedEx Corp. starting March 1 could put him in the driver's seat to eventually become CEO, some analysts believe.
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Transportation & Logistics Discussion continues about front-office changes at FedEx
FedEx's series of high-level management changes are fueling speculation about the reasons and perhaps worrying investors and employees, but have the potential to bring fresh eyes to the organization.
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Business Sheraton expands effort to block public incentives for rival Loews
Shelby County Chancellor JoeDae Jenkins said he'll rule Monday, Feb. 25, on a city motion to dismiss a Sheraton bid to block public incentives for a Loews hotel in Downtown Memphis.
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Transportation & Logistics FedEx outlines pay package for Raj Subramaniam
New FedEx Corp. president and chief operating officer Raj Subramaniam would earn $1.2 million in base salary and bonuses over the next year under a compensation package outlined Wednesday, Feb. 20.
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