FedEx shares rebound amid e-commerce boom, airlift shortage
FedEx shares have shot up over $200 in recent trading after languishing below $150 a share earlier this summer. Supply and demand is driving the growth.
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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August 2020
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Transportation & Logistics -
Transportation & Logistics Shark Week brings Trump appointee to FedEx hub
Remains of lions, tigers and bears and more exotic creatures are part of a U.S. Fish & Wildlife Service trove of items stopped from moving through the FedEx Express Memphis hub.
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Transportation & Logistics Port of Memphis sees huge impact from containers on river
Proposed Port of Memphis link in a container-on-barges shipping network could yield billions in benefits, Memphis-Shelby County economic development officials say.
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Financial Services FirstBank hires former Iberiabank execs
Greg Smithers joined FirstBank as Memphis market president July 7 after leaving Iberiabank, where he had been regional president for Tennessee and Arkansas.
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Transportation & Logistics CEO says FedEx will stay on cutting edge
FedEx chief Frederick W. Smith said the company's response to COVID-19 included one of the largest efforts to move goods by air since the Berlin Airlift of 1948-1949.
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Business International Paper nets more cash from Graphic Packaging stake
International Paper is selling a block of shares in Graphic Packaging for the second time this year, as part of continuing effort to generate cash from the 2018 equity investment.
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Transportation & LogisticsFedEx leaders come up short on bonus targets
FedEx's top leaders didn't get bonuses for the first time in 11 years as company earnings and income lagged behind targets in fiscal 2020.
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Real Estate COVID-19 credit crunch could shrink hotel pipeline
Some experts expect fewer hotels to be built in Memphis over next couple years because of tight credit market for projects with no clear path for recovery from COVID-19.
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Real Estate City pulls permit for new fleet maintenance shop
The city applied for a building permit Aug. 5 for a $12 million fleet maintenance facility and fuel center at 3720 Knight Arnold Road in southeast Memphis.
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Business ServiceMaster names new CEO, reports Q2 buoyed by termite, cleaning services
ServiceMaster said strong growth in residential termite services paced results in the April-June quarter as the company dealt with unprecedented impacts of COVID-19.
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Business Frontdoor results steady in pandemic
Revenues were up but so were costs as sheltering-at-home customers made more service requests for plumbing and appliances during the April-June quarter, the home service plan provider said.
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Transportation & LogisticsNTSB report cites likely cause of Wei Chen crash
National Transportation Safety Board concludes Wei Chen probably became disoriented, lost control of aircraft before 2018 fatal crash.
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Update
Real EstateJCAP to be acquired by NexPoint
JCAP common stockholders will receive $17.30 per share in cash, according to the agreement.
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Transportation & LogisticsRobotics, technology reshaping role of FedEx hub workers
Robotic arms inducting packages into small-package sort at FedEx's Memphis world hub are a sign of things to come as a $1.55 billion hub modernization continues to unfold.
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South MemphisFedEx delays $300 million in Memphis hub spending
COVID-19 and a desire to improve cash flow have prompted FedEx to slow the pace of a $1.55 billion Memphis hub transformation.
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Transportation & Logistics Bill steadies airport funding source amid pandemic
U.S. Rep. Steve Cohen, U.S. Sen. Marsha Blackburn and other lawmakers are backing a bill to stabilize a federal airport grant program amid an uneven recovery of air travel from COVID-19.
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July 2020
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Transportation & Logistics FedEx names Jenny Robertson SVP of communications
FedEx has tapped Jenny Robertson as its new senior vice president of integrated marketing and communications.
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Business International Paper earnings beat expectations
International Paper surprised Wall Street Thursday with results for its first full quarter of navigating the COVID-19 pandemic.
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Transportation & Logistics FedEx pilots chafe at Hong Kong’s forced quarantine
FedEx Express’ pilots union asked the company to suspend operations in Hong Kong because of “unacceptable risks for pilots related to the COVID-19 pandemic.”
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Transportation & LogisticsRobotic arms make debut at FedEx hub
Four industrial robotic arms have been installed to load letter envelopes and small boxes onto conveyors at the FedEx Express world hub small package sorting system in Memphis.
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Transportation & Logistics Cobblestone bids come in over budget
With bids over budget, options could include re-bidding, scaling down the project or finding more funding.
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Transportation & LogisticsFedEx flexing robotic arms in Memphis
FedEx and Plus One collaborated with Yaskawa America on new package-handling robotic arms that made their debut earlier this year at FedEx Express world hub in Memphis.
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Transportation & Logistics Southwest’s Memphis-Phoenix nonstop coming sooner
Southwest Airlines' daily nonstop between Memphis and Phoenix has been re-slotted for a summer start.
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South Memphis Graceland pares down Elvis Week in pandemic
A free, reservation-only version of the Elvis Week Candlelight Vigil will feature social distancing and smaller crowds.
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Business Thousands of jobless claims still rolling in
University of Memphis economist John Gnuschke said it will take years, not months, for Memphis to recover from devastating job losses caused by COVID-19.
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