Memphis-based Sylvamo reports strong quarter
Sylvamo’s strong quarter is in contrast to other Memphis-based companies, particularly FedEx and International Paper, both of which reported lower-than-expected earnings in their most recent quarters.
Topic: FedEx
RSSThere are 423 article(s) tagged FedEx:
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November 2022
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October 2022
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FedEx donates more than 20,000 meals for people affected by Hurricane Ian
The FedEx Cares “Delivering for Good” initiative collaborates with the American Red Cross. The company uses its vast network to connect those in need with resources through charitable shipping and cash donations.
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FedEx terminates Roxo, the same-day delivery robot
FedEx is stepping back from the research and development program for a same-day bot to prioritize several nearer-term opportunities.
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FedEx volunteers bundle 20,000 care packages for members of armed forces
The supplies will be sent to military training centers in the U.S. and remote locations worldwide.
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Cooper-Young rainbow crosswalk nears completion
Cooper-Young’s rainbow crosswalk will be finished this weekend, making it the state’s first complete commemorative rainbow crosswalk for the LGBTQ community.
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August 2022
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FedEx terminates agreement with large contractor after filing lawsuit against it
FedEx claims the contractor, which operated 225 routes in 10 states and had called for fees to be increased along with other changes, launched a “coordinated and multi-faceted campaign” that was “unfairly and wrongfully disparaging” FedEx Ground.
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FedEx Ground sues one of its largest contractors
FedEx is seeking injunctive relief and monetary damages following what it called a “coordinated and multi-faceted campaign.”
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FedEx wrapping up fleet modernization, buying more planes
As of May 31, FedEx Express had $1.3 billion in deposits and progress payments on aircraft purchases, including 46 Boeings it plans to buy by 2025.
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FedEx Ground says it will not negotiate collectively with contractors
“FedEx Ground will not discuss, negotiate, or renegotiate service provider agreements or financial terms with a committee or any individual purporting to represent a collective body of service provider businesses,” FedEx Ground CEO John Smith said in a letter to contractors.
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July 2022
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Oh Snap: This week’s best photos
Independence Day means a long weekend for most of us, but for some folks it’s another workday. We’ve got pictures of FedEx, Grace Medical and Bartlett Police Department employees, as well as an image related to the new Frayser Library. Vote for your favorite.
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June 2022
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FedEx maps out strategy to increase earnings, operating income
New CEO Raj Subramaniam faces soaring inflation, increasing competition from Amazon and an activist investor demanding shakeups to the board, but plans to grow earnings per share by as much as 19% over the next three years, as well as increase operating income by as much as $4.5 billion.
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FedEx pilots push for updated contract
For the union, the two primary issues in the current round of negotiations are retirement benefits and matters related to quality of life.
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May 2022
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FedEx lends a hand with Operation Fly Formula
The flight from the Ramstein Air Base in Germany to Indiana transported the equivalent of 1.5 million 8-ounce bottles of three formulas, all of which are hypoallergenic for children with cow’s milk protein allergy.
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FedEx wants to electrify last-mile delivery; BrightDrop wants to help
FedEx became BrightDrop’s first customer in December 2021 after it received 500 orders of the Zevo 600, which has an estimated range of up to 250 miles on a full charge.
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Guest column: Noise pollution within Memphis is rampant
Crosstown High School ninth grades wrote this column addressing the noise and air pollution in Memphis for their capstone class.
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April 2022
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Bluff City Biz: FedEx Logistics opens Downtown, Parkview could shift to more than just seniors
FedEx Logistics’ decision to consolidate more than 600 of its workers into a single Downtown workspace has been years in the making.
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FedEx Logistics global headquarters opens at former Gibson Guitar factory
The decision to consolidate more than 600 of its workers into a single Downtown workspace has been years in the making and not without its setbacks. The move took more than $50 million and three years to execute.
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Bluff City Biz: Future of FedEx and Blue Oval City with Bo Allen
“It’s hard for me to believe that anyone has done more for Memphis than Fred Smith,” Bo Allen, First Horizon regional president for West Tennessee, Arkansas and North Mississippi, said.
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What’s next for FedEx?
FedEx stock was up nearly 5% Tuesday, March 30, following the announcement on Monday that Raj Subramaniam will succeed Frederick W. Smith as president and CEO.
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March 2022
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Raj Subramaniam to succeed Fred Smith as president and CEO of FedEx Corp.
FedEx announces the next president and CEO following founder Frederick W. Smith’s tenure.
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Bluff City Biz: A pop-up sushi restaurant, retail improvement grants with Karen Carrier
“I say, do whatever it takes to bring life back into whatever area of the city needs it,” Karen Carrier, Memphis chef and restauranteur, said. “It’s important for the city to grow in the way it needs to grow.”
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Butler Row aims to make Downtown Wiseacre area more walkable
The $65 million, 2.34-acre Butler Row development was previously awarded a 12-year payment-in-lieu-of-taxes in January.
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FedEx reports higher third quarter earnings
The improved results were partially offset by the effects of the Omicron variant, as well as higher transportation and wage related costs.
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International Paper on short list of corporations still operating in Russia
More than 375 companies around the world — including FedEx Corp. and Sylvamo Corp. — have suspended operations in the region following the humanitarian crisis created in the wake of Russia’s full-scale invasion of Ukraine.
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Bluff City Biz: Blue Oval City, business in Russia with John Threadgill
“I would suspect that most of the companies that entered into the Russian market either had a contingency plan,” the Bartlett Chamber president said.
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