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Business

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  • Transportation & Logistics

    Cohen rips postal changes as USPS backtracks

    The proposed Delivering for America Act would turn back the clock to Jan. 1, 2020 on changes that some critics contend are diluting U.S. Postal Service delivery results.

    By Wayne Risher August 18, 2020
  • Transportation & Logistics

    FedEx’s holiday plans include new fees

    FedEx will charge more for residential deliveries from November into January as it handles holiday shipping volume amid the continuing COVID-19 pandemic.

    By Wayne Risher August 18, 2020
  • Bartlett

    Bank of Bartlett assists 1,500 businesses through Payroll Protection Program

    With most businesses struggling this year due to the COVID-19 pandemic, the Bank of Bartlett has served as a lifeline for more than 1,500 businesses and 10,600 employees.

    By Michael Waddell August 18, 2020
  • Real Estate

    Documents reveal design, site plan for Google Ops Center

    The Southaven Planning Commission has approved the nearly 10-acre site plan for 5665 Airways; the building design is still being revised.

    By Tom Bailey August 17, 2020
  • Transportation & Logistics

    Williams-Sonoma hiring 200 now, maybe 3,000 for peak

    Williams-Sonoma is hiring 200 for Memphis area distribution facilities and says it could need to add as many as 3,000 seasonal workers for the 2020 peak.

    By The Daily Memphian Staff August 17, 2020
  • Business

    Last Look: See inside the Racquet Club of Memphis

    The Daily Memphian was recently given one last tour of the property. 

    By Patrick Lantrip August 17, 2020
  • Real Estate

    Amazon opens fulfillment center for larger items in Olive Branch

    The 1 million-square-foot facility is one of six that Amazon has either opened or will soon open in the Memphis area.

    By Tom Bailey August 17, 2020
  • Health Care

    Baptist will burn through 400K gowns in less than month

    Baptist needs 15,000 gowns a day; to get them, it chartered a plane through FedEx, straight from China.

    By Jane Roberts August 17, 2020
  • Transportation & Logistics

    FedEx shares rebound amid e-commerce boom, airlift shortage

    FedEx shares have shot up over $200 in recent trading after languishing below $150 a share earlier this summer. Supply and demand is driving the growth.

    By Wayne Risher August 17, 2020
  • Business

    Whimsy Cookie expands despite pandemic

    When the pandemic struck and businesses shut down to stem to the spread of the coronavirus, Whimsy Cookie didn’t pull back. Instead, the small business expanded.

    By Toni Lepeska August 17, 2020
  • Real Estate

    Yeti cooler warehouse among 6 new projects totaling 587 jobs, $184M in investments

    DHL proposes to build a 975,000-square-foot warehouse and fill it with Yeti coolers and other Yeti products. And a California company proposes to move its headquarters to Memphis.

    By Tom Bailey August 15, 2020
  • Real Estate

    Poplar Plaza’s new ‘front door': $56M, 240 apartments, 282,000 square feet (and more to come)

    The executive in charge of a retail landmark in Memphis opens up about adding a new "egg" to the basket: Apartments.

    By Tom Bailey August 14, 2020
  • Transportation & Logistics

    Shark Week brings Trump appointee to FedEx hub

    Remains of lions, tigers and bears and more exotic creatures are part of a U.S. Fish & Wildlife Service trove of items stopped from moving through the FedEx Express Memphis hub.

    By Wayne Risher August 14, 2020
  • Financial Services

    FirstBank hires former Iberiabank execs

    Greg Smithers joined FirstBank as Memphis market president July 7 after leaving Iberiabank, where he had been regional president for Tennessee and Arkansas.

    By Wayne Risher August 14, 2020
  • Business

    AutoZone hiring 20,000 nationally

    Memphis-based AutoZone is going on a hiring spree, adding more than 20,000 full- and part-time employees.

    By The Daily Memphian Staff August 13, 2020
  • Real Estate

    Stein Mart closings hit Memphis area, where 3 stores operate

    Stein Mart operates Memphis-area stores in East Memphis, Collierville and Cordova.

    By Tom Bailey August 13, 2020
  • Transportation & Logistics

    Port of Memphis sees huge impact from containers on river

    Proposed Port of Memphis link in a container-on-barges shipping network could yield billions in benefits, Memphis-Shelby County economic development officials say.

    By Wayne Risher August 14, 2020
  • Real Estate

    Planning board approves Poplar Plaza redevelopment despite Red Acres’ privacy, traffic concerns

    Owner Finard Properties plans to demolish the two buildings anchoring Poplar Plaza’s most prominent corner, at Poplar and Highland, to build mixed-use structures.

    By Tom Bailey August 13, 2020
  • Real Estate

    Demolition starting on old Racquet Club property

    The sprawling complex of buildings on the 9.3-acre site is being razed to remove blight and prepare the grounds for future development.

    By Tom Bailey August 14, 2020
  • Premium Real Estate

    City prepares to sell huge property in heart of Midtown

    Developers will have a rare opportunity to buy 4.5 acres with 100 yards of frontage on Union Avenue. But in seeking bids, city officials say they want the "best" use, not simply the highest dollar amount. 

    By Tom Bailey August 13, 2020
  • Education

    CBU freshmen move in with usual fears, plus pandemic

    At Christian Brothers University, modeling indicated campus would lose more than $4 million if all learning was conducted remotely. 

    By Jane Roberts August 14, 2020
  • Real Estate

    Paper & Clay plans move to South Main, seeks renovation grant

    The maker and retailer of modern-design ceramic products is growing and needs more space. Paper & Clay will move into a building vacated by the closing of Bumpus Harley-Davidson on South Main.

    By Tom Bailey August 12, 2020
  • Transportation & Logistics

    CEO says FedEx will stay on cutting edge

    FedEx chief Frederick W. Smith said the company's response to COVID-19 included one of the largest efforts to move goods by air since the Berlin Airlift of 1948-1949.

    By Wayne Risher August 12, 2020
  • Real Estate

    Downtown agency approves changes in how public money will help build The Walk

    The Center City Revenue Finance Corp. approved 30 years of property tax savings that will fund $134.6 million of the $741 million development’s costs, and a 5% tourism surcharge that is estimated to provide $20.8 million for the project. 

    By Tom Bailey August 11, 2020
  • Business

    International Paper nets more cash from Graphic Packaging stake

    International Paper is selling a block of shares in Graphic Packaging for the second time this year, as part of continuing effort to generate cash from the 2018 equity investment.

    By Wayne Risher August 11, 2020

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