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Business

  • Real Estate
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  • Transportation/Logistics
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  • Ford Megasite
  • Update Transportation & Logistics

    FedEx closing offices, deferring hiring, reducing flights after weak quarter

    Citing adverse “macroeconomic trends,” FedEx CEO Raj Subramaniam announced a variety of cost-cutting initiatives, including reduction in flight frequencies and the closure of over 90 FedEx Office locations.

    By Rob Moore September 15, 2022
  • Health Care

    Somavac earns second patent, looks to ‘break-out’ year in 2023

    “We believe in this technology. This team believes in the need to pay attention to what happens post-operatively to patients as they recover from surgeries,” said the co-founder of the company. 

    By Jane Roberts September 19, 2022
  • Business

    Sylvamo buys Swedish mill in $150 million transaction

    A spinoff of International Paper, Sylvamo became a standalone, publicly traded company last fall. 

    By Rob Moore September 15, 2022
  • Transportation & Logistics

    Biden: Tentative railway labor deal reached, averting strike

    President Joe Biden said Thursday that a tentative railway labor agreement has been reached, averting a strike that could have been devastating to the economy before the pivotal midterm elections.

    Related story:

    A large-scale railroad strike would hit Memphis hard

  • Real Estate

    Malone Park Commons receives $150,000 development grant

    Uptown’s Malone Park Commons sought the special grant after rising construction costs increased the budget, according to staff reports.

    By Neil Strebig September 15, 2022
  • Health Care

    Families of vets will get ‘home away from home’ on VA Medical Center campus

    Fisher House, on the campus of the Memphis VA Medical Center, will provide no-cost accommodations for 16 families or veteran caregivers. The $9 million project is expected to open next fall. 

    By Aisling Mäki September 15, 2022
  • Premium Transportation & Logistics

    A large-scale railroad strike would hit Memphis hard

    The majority of containerized goods coming into the Mid-South from overseas come in on one of the five Class I rails based here, said Woodson Dunavant of the logistics and supply chain management company Dunavant Enterprises.

    By Rob Moore, Jane Roberts September 15, 2022
  • Ford Megasite

    BlueOval’s tech side under control but workforce, traffic and supply chain issues remain

    There are a number of challenges that accompany BlueOval City, the production site by Ford Motor Co. about an hour’s drive from Memphis. 

    By Abigail Warren September 16, 2022
  • Health Care

    Ryan Seacrest Foundation to bring media center to Le Bonheur

    During “LIVE with Kelly and Ryan” Tuesday, Sept. 13, media personality Ryan Seacrest announced that his foundation is investing in a broadcast media center at Le Bonheur Children’s Hospital.

    By Aisling Mäki September 14, 2022
  • Premium Real Estate

    Inked: Emerge building to be rebranded, Monster Mini Golf coming to Cordova

    New Memphis moving to Emerge Building. Number of homes sold drops but August home prices up 5.2% over a year ago. Monster Mini Golf coming to Cordova.

    By Neil Strebig September 14, 2022
  • Premium Health Care

    Public health analyst and podcaster Jani Rad brings vitality to health equity

    Jani Rad moved here for a career at the intersection of public health and urban planning. Four years later, she’s hosting a podcast, finding community and feeling at home. 

    By Aisling Mäki September 14, 2022
  • Movers and Shakers

    Movers & Shakers

    Tioga Environmental Consultants, FORVIS, Pittco Management, Rhodes College, Agape Child & Family Services, Moskovitz, McGhee, Brown, Cohen & Moore, Lehman-Roberts and sister company Memphis Stone & Gravel and Shelby Residential and Vocational Services announce promotions and additions.

    By The Daily Memphian Staff September 17, 2022
  • Premium Business

    Memphis Record Pressing to double workforce by next year

    The Bartlett company expects to be the largest producer of vinyl records in North America by next year, making about 130,000 records per day.

    By Michael Waddell September 13, 2022
  • Real Estate

    Downtown board approves PILOTs for Greyhound Complex, Crump Blvd. development

    Discussion of $226 million Sheraton renovation project was delayed to Oct. 11. 

    By Neil Strebig September 13, 2022
  • Real Estate

    DMC board approves Grand Hyatt, One Beale financing

    On Tuesday, Center City Revenue Finance Corp. board members approved financing for the Grand Hyatt hotel and final phase of One Beale development.

    By Neil Strebig September 13, 2022
  • Premium Health Care

    Expert says Stern Cardiovascular problems likely ransomware hack

    In a statement late Monday, Stern CEO Debbie Eddlestone said Stern does not believe patient data was breached.

    By Jane Roberts September 13, 2022
  • Premium Business

    Fed offers mixed look on Memphis economy

    According to the Fed, overall labor market conditions remain tight, with contacts across the Eighth District reporting that workers remain scarce. 

    By Rob Moore September 13, 2022
  • Business

    Tenacity and creativity are secrets of success

    Three local owners of small businesses opened up to share their stories of success during a seminar hosted by The Daily Memphian last week. 

    By Christin Yates September 12, 2022
  • Premium Health Care

    Second-career nurses find healing fulfillment while aiding shortage

    One started out as an automotive service manager. The other was a zookeeper. Now, they are nurses, filling gaps in a national shortage.

    By Aisling Mäki September 12, 2022
  • Premium Health Care

    Methodist Transplant Institute patient calls changes ‘jarring’

    Dr. James D. Eason’s sudden departure last month from the institute that bears his name leaves patients and their families concerned about how their care will be affected.

    By Aisling Mäki September 11, 2022
  • Business

    U of M professor’s book helps indie filmmakers script own path

    University of Memphis professor Marty Lang talks about his new book designed to help indie film producers make a living. 

    By Aarron Fleming September 11, 2022
  • Premium Health Care

    Stern clinic computer system hacked, lost phone, internet

    Patient at her appointment was told medical records could not be accessed.

    By Jane Roberts September 10, 2022
  • Health Care

    Delta Dental sees opportunities in vision coverage

    “One thing that we have seen on the dental side, and I suspect it will be similar with vision, people are becoming less loyal to their dentists and will look for in-network providers,” said Dr. Phil Wenk, Delta Dental of Tennessee president and CEO. 

    By Jane Roberts September 12, 2022
  • Downtown

    Uptown’s Malone Park seeks $150,000 special development grant from CCDC

    A special development grant for Malone Park Commons in Uptown is on the upcoming Sept. 14 Center City Development Corp. agenda. 

    By Neil Strebig September 14, 2022
  • Real Estate

    EDGE expected to approve eco-friendly, federal incentive this month

    To qualify, developers would have to invest at least $1 million in energy efficiency improvements or projects to reduce lead in drinking water.

    By Neil Strebig September 09, 2022

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