FedEx CEO to earn a new base salary of more than $1M
The increase will bring Raj Subramaniam’s base salary, first set in 2022 months after he took leadership of the company, from $1.3 million to $1.45 million.
Topic: FedEx
RSSThere are 440 article(s) tagged FedEx:
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August 2023
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Inked: FedEx World Hub is expanding and so are Dunkin’ and Starbucks
Located at Memphis International Airport, the World Hub will include both office space and “state-of-the-art package sortation infrastructure.”
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July 2023
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Closure of trucking giant Yellow could impact more than 500 local jobs
Yellow has not formally announced its closure, but a representative of Teamsters Local No. 667, which represents 4,000 local workers, said the company going out of business would affect about 550 of its members.
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One member of FedEx board of directors resigns, another won’t run again
V. James Vena, who only served on FedEx’s board for one year, has resigned. Kimberly A. Jabal will not stand for reelection.
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Why did deal between FedEx and pilot union collapse?
The news Monday left some wondering if a strike by FedEx pilots was imminent.
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On the road to consolidation, FedEx’s aircraft fleet grows
One of the main reasons FedEx’s fleet has grown despite the company saying it plans to scale back is due to purchase commitments it has made with aircraft manufacturers like Boeing.
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FedEx pilots reject new contract
FedEx pilots rejected a tentative agreement with the company by a vote of 57% to 43%.
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Airport Authority approves nearly $50M for new development projects
The bulk of that went to approve a proposal of more than $44 million for the reconstruction of the west half of the Taxiway Alpha at Memphis International Airport.
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FedEx lays off small team, closes Indianapolis facility
“Decisions of this nature are never made lightly and are the result of much thought and consideration for the needs of our business,” FedEx said in a confirmation email to The Daily Memphian.
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New FedEx CFO will earn an annual salary of $919,000
In addition to his salary, FedEx announced Monday that Dietrich will receive a signing bonus of $200,000, which will be paid in two installments.
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FedEx names new CFO and EVP, announces shifts in its finance team
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FedEx names new CFO and EVP, announces shifts in its finance team
The Memphis-based company announced Monday, July 17, its hiring of John W. Dietrich to the role, which will be vacated by CFO Michael C. Lenz on July 31.
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‘Freight 59’ to offer Memphis-based clubhouse experience at FedEx St. Jude Championship
The new venue is “giving people a taste of what we know is incredible Southern hospitality and culture through the lens of the golf tournament.”
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FedEx urges customer action as UPS strike appears likely
The move from FedEx follows a breakdown in negotiations between UPS and the Teamsters union; more than 300,000 UPS workers could go on strike at the end of July.
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June 2023
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FedEx shares down as company reports mixed quarter
Revenue for the fourth quarter was a few billion shy compared to the $24.4 billion the company announced in the same quarter of 2022.
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FedEx to consolidate its Canadian Ground and Express operations
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FedEx to consolidate its Canadian Ground and Express operations
The Memphis-based said the transition will take place in phases beginning in April 2024, affecting around 200 contractors.
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Inside the tentative FedEx pilots contract
Overall, the preliminary agreement has a combined $3.8 billion in value, a more than 37% increase from the current contract.
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FedEx pilots’ union leadership votes to approve tentative contract
According to the union, the new agreement would provide major pension improvements with alternative pension options, hourly pay rate increases, an amendable period recovery payment and other improvements to pilots’ quality of life.
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May 2023
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FedEx says it has reached ‘tentative agreement’ with pilots union on new contract
Earlier this month, the FedEx ALPA Master Executive Council, the union which represents the pilots, announced its members had voted to strike if necessary to achieve a new labor agreement.
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FedEx launches platform to help customers track CO2e emissions
The Sustainability Insights tool is designed to assist FedEx in its goal of reaching carbon neutral operations by 2040.
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Hundreds of FedEx pilots picket for new contract
Pilots picketing outside the FedEx Express Air Operations Center on Airways Boulevard Wednesday held signs that read “When the world shut down, FedEx pilots delivered” and “Now is the time!”
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FedEx pilots vote to authorize strike
A representative of FedEx said the decision should not affect the company’s operations at this time.
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Fedex mother-daughter team make historic flight
The aviation duo broke new ground after they traveled from Memphis to Incheon, South Korea.
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FedEx exec appointed to U of M board
A top FedEx Corp. executive has been appointed to the University of Memphis board of trustees by Tennessee Gov. Bill Lee.
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Lawmakers cut FedEx’s jet fuel tax duty from $32M to $1M over 10 years
State Sen. Brent Taylor (R-Memphis) said the state’s lack of a cap on jet fuel taxes is part of the reason the Memphis International Airport doesn’t have more daily flights.
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FedEx Freight to consolidate 29 locations, furloughs workers
According to a representative of FedEx, eligible employees will be offered permanent transfer opportunities to other markets that have hiring needs.
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