Bronczek departs FedEx, replaced by Subramaniam
David J. Bronczek has abruptly retired from FedEx Corp.'s No.2 spot, with Raj Subramaniam named to replace him effective March 1.
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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February 2019
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Transportation & Logistics -
Real Estate Banner year for Memphis tourism could be so-so year for hoteliers
Lodging industry consultant Chuck Pinkowski's forecast calls for occupancy and room revenue to fall at Memphis area hotels in 2019 as room supply increases and the convention center is modernized.
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Business Chancellor dismisses Sheraton petition challenging incentives for Loews
Shelby County Chancellor JoeDae Jenkins on Monday dismissed the Sheraton Memphis Downtown Hotel's petition that sought to block a City Council action favoring public incentives for a Loews hotel.
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Transportation & Logistics XPO guarantees jobs to workers displaced by warehouse closing
XPO Logistics Inc. said Monday it's guaranteeing jobs at other XPO warehouses for all workers being displaced by the scheduled April 15 closing of a Memphis facility operated for Verizon.
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Transportation & Logistics FedEx introducing same-day delivery robot on Wednesday
Memphis-based FedEx introduced a driverless package delivery robot called the FedEx SameDay Bot on "The Tonight Show Starring Jimmy Fallon" Tuesday night.
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Transportation & Logistics FedEx plans to test SameDay Bot in Memphis this summer
FedEx on Wednesday announced details of its FedEx SameDay Bot, an autonomous delivery vehicle that is slated to navigate sidewalks of Memphis and other cities this summer in initial testing.
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Transportation & Logistics FedEx aims to disrupt growing local delivery market with SameDay Bot
FedEx views its newly introduced FedEx SameDay Bot as a potential game-changer that will help grow market share among current shippers and open new avenues for local deliveries.
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March 2019
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Transportation & Logistics Fantastical? Armchair exercise mulls Amazon-FedEx combo despite long odds
Under the heading of "food for thought," analysts at one firm have pondered the what-ifs of an unlikely combination of Amazon and FedEx and suggested it would be a winner.
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Transportation & Logistics FedEx’s Gloria Boyland listed among country’s most powerful black female executives
FedEx executive Gloria R. Boyland has overseen development of the newly unveiled FedEx SameDay Bot and truck platooning technology. She's one of Black Enterprise's Most Powerful Women in Corporate America.
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Business Developer proposes converting Downtown DoubleTree into upscale boutique hotel
The Center City Revenue Finance Corp. will be asked Tuesday to approve a 15-year tax abatement for a $47 million conversion of the DoubleTree by Hilton.
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Transportation & Logistics FedEx chief says trade tensions dragging on world economic growth
Memphis-based FedEx Corp. chief Frederick W. Smith, appearing on Fox News, said trade tensions are hurting the world economy and he doesn't think U.S. voters will buy big government spending.
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Business Inside the FedEx voluntary buyout offer: Is it sweet enough?
The clock is ticking on FedEx Corp.'s voluntary buyout program aimed at selected employees at FedEx Express, corporate and FedEx Services. April 1 is the application deadline.
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Transportation & Logistics ScanSource, technology provider, adding 50 jobs in Southaven expansion
ScanSource Inc., a provider of technology solutions including barcode and point-of-sale systems, is adding 50 employees in an expansion of its Southaven, Mississippi distribution center over the next year.
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Transportation & Logistics Supply chain innovation team pushes forward despite setback
Proponents of an inter-operable pool of intermodal container chassis for the Memphis area aren't giving up on the idea despite a recent rejection by two big players in the market.
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Transportation & Logistics FedEx names Don Colleran as FedEx Express chief
FedEx has named Don Colleran as president and chief executive officer of FedEx Express. He'll succeed Raj Subramaniam, who became president and chief operating officer of FedEx Corp. March 1.
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Transportation & Logistics Explore Bike Share nets new support from FedEx, city
Explore Bike Share has picked up funding from Memphis-based FedEx, $150,000 over three years; and Memphis, $75,000 a year for four years, from fees on Bird and Lime.
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Real Estate Loews hotel project wins clear path to tourism zone financing
The Tennessee General Assembly has cleared up a couple of issues that created uncertainty for a proposed $220 million Loews hotel near the Memphis Convention Center.
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Transportation & Logistics Analysts believe FedEx stock is a bargain but expect quarterly earnings slip
The strength of the U.S. economy is in FedEx's favor, but the company is managing through headwinds in Europe and Asia. FedEx reports quarterly earnings Tuesday, March 19.
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Real Estate Madison apartment developers plan fewer affordable units
Developers of apartments at 1544 Madison, former BellSouth property in Midtown, have filed for an amendment to their 2017 tax abatement agreement with the Economic Development Growth Engine.
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Business Strong 2018 showing adds 13,500 jobs in Memphis metro area
The Memphis metropolitan area posted a strong showing in job creation in 2018, exceeding its 10-year average by a wider margin than other cities. But it's not a trend, yet.
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Transportation & Logistics FedEx earnings slide as global trade slowdown continues
FedEx's earnings missed company and analyst expectations Tuesday. The company cited a continuation of economic softness in Europe and Asia that prompted announcement of a cost-cutting plan in December.
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Transportation & Logistics FedEx plans to scrap employee bonuses this year
FedEx told employees in the wake of a disappointing earnings report Tuesday that the company expects to scrap annual incentive compensation bonuses this year.
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Real Estate EDGE holds Graceland TIF public hearing, approves Midtown project
A public hearing on Graceland expansion drew no public comments, and changes to a tax abatement agreement for Midtown apartments sailed to easy approval Wednesday.
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Business Nexstar plans to hang onto Channel 3, sell WATN and WLMT to Tegna
Nexstar plans to keep WREG Channel 3 and sell WATN Channel 24 and WLMT Channel 30 to Tegna Inc. when its merger deal with Tribune Media closes later this year.
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Transportation & Logistics Airport eyes solutions to spring break, Thanksgiving parking crunch
Airport officials are looking at ways to improve the customer experience when parking garages fill up at peak times, such as spring break and Thanksgiving.
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