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.
Topic: FedEX
RSSThere are 429 article(s) tagged FedEX:
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March 2022
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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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Memphis-based companies with ties to Russia risk losing assets
Russian courts can appoint external administrators for companies that cease operations and are at least 25% foreign-owned, if a plan favored by Vladimir Putin is approved.
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FedEx Express chief to retire; Richard Smith will take over
Richard W. Smith will become president and CEO-elect of FedEx Express following the announcement Thursday, March 10, that Donald F. Colleran will retire effective Dec. 31, 2022.
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As world uses ‘power of the marketplace’ against Russia, local companies could be impacted as well
“If we want to solve this problem in Ukraine using gas and oil as one of the solutions, then in fact it’s going to cost us,” said a local economist.
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January 2022
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Memphis airport ‘not impacted’ by 5G interference
But FedEx World Hub could be affected, Memphis-Shelby County Airport Authority officials said.
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Bluff City Biz: Downtown investment, Mid-South innovation with Greater Memphis Chamber CMO
“There’s demand, and we couldn’t have a stronger signal for investors that this is the place to invest,” said Apryl Childs-Potter, chief marketing officer with the Greater Memphis Chamber.
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FedEx to add to its all-electric delivery fleet
FedEx Express, a subsidiary of FedEx Corp., plans for 50% of its global pickup and delivery vehicle purchases to be electric by 2025, with plans to reach 100% by 2030.
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December 2021
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Social Club: Fans talk Ja Morant’s return; Memphians react to Music Fest lineup
Grizzlies fans show Ja Morant support and Memphians react to the initial 2022 Beale Street Music Festival lineup.
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FedEx reports strong second-quarter earnings
FedEx posted revenue of $23.47 billion in the period, topping Wall Street forecasts of $22.53 billion.
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State senator says FedEx should give Tennessee a break on delivery contract
“(Dozens of) other states don’t have to do a single thing for FedEx, and yet we’re doing almost $150 million worth of tax breaks,” state Sen. Todd Gardenhire said Tuesday.
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October 2021
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Logistics robots steal show at conference sponsored by FedEx
About 25 logistics robots showed up in the Autonomous Mobile Robots & Logistics Conference at the Renasant Convention Center on Tuesday, Oct. 12.
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The robots are coming! To Memphis!
Robots and businesses — especially logistics companies like FedEx — will converge in Memphis Oct. 12-14 at the Autonomous Mobile Robots & Logistics Conference.
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August 2021
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Photo Gallery: FedEx ships aid to earthquake-ravaged Haiti
Freelancer Ziggy Mack shot these photos of FedEx loading planes with aid to alleviate the suffering on Thursday, Aug. 26, 2021.
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FedEx dedicates plane to St. Jude patient
The program, in its ninth year, names a plane after a patient who is also a child of a FedEx employee. This year’s honoree is 17-year-old Kenzie.
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July 2021
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Labor shortage creates a ‘great time to be an employee’
Employers are giving hiring bonuses, creating retention incentives, making work schedules more flexible, raising pay, providing transportation to workers and providing other incentives to fill positions during this tight labor market.
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Calkins: At the height of his career, Mike Glenn stepped away from FedEx to care for his daughter. It’s a story of sacrifice and love.
When Mike Glenn retired from FedEx at the height of his career in 2016, the news release said it was to “transition his focus full time to his family.” This is the story behind that decision, one that is hard and beautiful all at once.
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June 2021
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FedEx testing self-driving delivery vehicles
FedEx has announced a new partnership with Nuro, a provider of self-driving vehicles, to enhance its parcel delivery system.
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FedEx increases dividend payments
The dividends will be payable July 12 to people on record as stockholders by the close of business June 28.
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Buttigieg hears of disruptions caused by broken bridge
The nation’s transportation secretary heard from freight executives about the effects of the closed I-40 bridge, fielded their suggestions and left to tour the repair work site on Hernando DeSoto Bridge.
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Parcel carrier LaserShip comes to Memphis, opens Cordova facility
A regional, parcel-delivery service, LaserShip has opened a 42,000-square-foot facility at 1590 Century Center Parkway to start last-mile deliveries in the Memphis region.
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