FedEx lays off hundreds across three cities, including Memphis
The cuts this week are likely the result of the company’s massive work to merge its Express, Ground and FedEx Services divisions.
Topic: FedEx
RSSThere are 423 article(s) tagged FedEx:
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November 2024
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FedEx fully automates package sort with hometown ingenuity
The new sorting technology is expected to end nights at the hub when the bottom falls out due to weather, outages or package spikes.
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Families in North Memphis receive some relief heading into holiday season
Up to 400 families received canned goods, electrolyte mixes, games, books, shampoo, deodorant, toothpaste, makeup and other toiletry items Thursday, Nov. 7.
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FedEx’s new automated hub boasts 11 miles of belts and whistles
The facility is large enough to sort 56,000 packages an hour.
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October 2024
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Florida man pleads guilty to defrauding FedEx in mail scheme
Shaun Kavanaugh, 46, of Orlando, Florida, pleaded guilty Oct. 22 to mail fraud. He received more than $750,000 from FedEx.
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Calkins: As NBA season tips off, FedEx’s Richard Smith says it’s a ‘desperate’ moment for Downtown
FedEx exec Richard Smith says this is a critical moment for Downtown Memphis — and the Grizzlies, FedExForum and Beale Street may be the key.
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Calkins: Richard Smith on crime, conference realignment and how the Simmons Bank Liberty Stadium gift happened
Richard Smith was as surprised as anyone when Fred Smith, his father, decided the family would give $50 million to help renovate the stadium. Here’s Smith on crime, Ja Morant, conference realignment and how that gift came to be.
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Tyreek Smith’s mentor: Promises made to Smith haven’t yet ‘been fulfilled’
Hellion “Boog” Knight, a mentor to Tyreek Smith, attempted to clear the air about Smith’s situation with the Tigers.
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Tigers pitch in for US military, discuss upcoming season
Two of the new-look basketball players discuss Coach Penny Hardaway’s offseason coaching staff changes, the team’s identity and their excitement for the season.
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Memphis City Council approves FedEx parking spaces, more
The Memphis City Council’s other-action items Tuesday, Oct. 1, included more money for affordable housing and more cameras.
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September 2024
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FedEx admits first quarter tougher than expected in disappointing earnings report
The little good news was that cost-cutting measures FedEx has achieved helped offset the revenue and expense pressure.
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August 2024
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Tiger basketball players to greet fans at FedEx St. Jude Championship
University of Memphis fans who come to the FedEx St. Jude Championship next week will have the chance to meet a few Tigers basketball players.
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July 2024
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Global tech outage affects Memphis businesses, leaves travelers stranded
The worldwide internet outage foiled operations for banks, media companies and emergency services. Canceled flights left passengers at Memphis International Airport missing vacations, weddings and funerals.
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Tigers team up with FedEx to help fill care packages for troops
Quarterback Seth Henigan, running back Mario Anderson, linebacker Elijah Herring, defensive back Jordan Grier and offensive lineman Jaylen Nichols attended.
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It may soon be possible to invest in FedEx Freight as a stand-alone
The company is looking at FedEx Freight’s role in the portfolio as it thinks about ways to unlock value for shareholders.
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June 2024
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FedEx shares shoot up 14% with optimism on earnings call
The company returned nearly $4 billion to stockholders as it met its goal to trim $1.8 billion in operating expenses, including $500 million in the Express division.
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FedEx will transport National Zoo arrivals by ‘Panda Express’
Memphis-based FedEx will transport the giant pandas from China to Washington by the end of the year via a FedEx Express Boeing 777-Freighter, known as the FedEx Panda Express.
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May 2024
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FedEx building in Michigan destroyed as storms lash Midwest
At one point an estimated 50 people were trapped in a FedEx building in Kalamazoo by downed power lines. All escaped, and a company spokesperson said there were no serious injuries despite the severe damage.
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April 2024
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Tigers coach Simmons speaks on FedEx NIL, women’s college basketball
Simmons talks about how FedEx’s commitment should go a long way in providing her and the program with the momentum needed in today’s world of college athletics.
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Buckley: FedEx delivers for Memphis. And the Tigers. Again.
A five-year, $25 million NIL commitment from FedEx to the University of Memphis could help make the Tigers more competitive and better position the program for where it wants to go.
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FedEx announces $25M for Memphis NIL deal
The Memphis-based American multinational conglomerate is investing $5 million per year for the next five years in University of Memphis student-athletes “who will be promoting FedEx initiatives,” according to a press release.
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Tigers Podcast: FedEx’s NIL investment, Memphis basketball scheduling and transfer portal moves
Tim Buckley, Parth Upadhyaya and host Greg Gaston discuss FedEx’s groundbreaking NIL commitment to the University of Memphis and Tigers’ basketball scheduling and transfer portal news.
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FedEx out, UPS in for ‘significant air cargo contract’
FedEx’s pilots union said the change will diminish FedEx’s competitive advantage, but the logistics giant said it will improve profitability as soon as the 2025 fiscal year.
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March 2024
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FedEx earnings not great but better than Q2, a sign cuts are working
FedEx had another rocky quarter in an economy that continues to force downward pressure on its network. This time, the company showed gains against stubborn headwinds by the stint of its own cost-cutting.
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FedEx pilots ask to be released from mediation, first step in pursuing strike
FedEx says the request is inappropriate and blames changes in union leadership for hindering progress.
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