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.
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.
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.
Proposed Port of Memphis link in a container-on-barges shipping network could yield billions in benefits, Memphis-Shelby County economic development officials say.
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.
FedEx's top leaders didn't get bonuses for the first time in 11 years as company earnings and income lagged behind targets in fiscal 2020.
National Transportation Safety Board concludes Wei Chen probably became disoriented, lost control of aircraft before 2018 fatal crash.
Robotic arms inducting packages into small-package sort at FedEx's Memphis world hub are a sign of things to come as a $1.55 billion hub modernization continues to unfold.
U.S. Rep. Steve Cohen, U.S. Sen. Marsha Blackburn and other lawmakers are backing a bill to stabilize a federal airport grant program amid an uneven recovery of air travel from COVID-19.
FedEx has tapped Jenny Robertson as its new senior vice president of integrated marketing and communications.
COVID-19 and a desire to improve cash flow have prompted FedEx to slow the pace of a $1.55 billion Memphis hub transformation.
FedEx Express’ pilots union asked the company to suspend operations in Hong Kong because of “unacceptable risks for pilots related to the COVID-19 pandemic.”
Amazon touts $15-an-hour minimum wage and immediate benefit-package availability as it begins ramping up a large item fulfillment center in Olive Branch, Mississippi.
Top Notch Security has been the subcontractor on airport security for 15 years. The new contract has different requirements, according to security changes coming to the airport.
The e-commerce giant will now operate more than 4 million square feet of facilities in the Memphis area.
With bids over budget, options could include re-bidding, scaling down the project or finding more funding.
FedEx and Plus One collaborated with Yaskawa America on new package-handling robotic arms that made their debut earlier this year at FedEx Express world hub in Memphis.
Strong industrial real estate activity happened in the Memphis market during April, May and June, in part because of the pandemic, not despite it.
Four industrial robotic arms have been installed to load letter envelopes and small boxes onto conveyors at the FedEx Express world hub small package sorting system in Memphis.
Southwest Airlines' daily nonstop between Memphis and Phoenix has been re-slotted for a summer start.
Hotel occupancy rates nationally nearly doubled between early April and July 4, but industry is still hunkered down because of business travel shutdown and recent spikes in COVID-19 cases.
FedEx is promoting a dozen entrepreneurs, including Memphis' Phillip Ashley Chocolates, as part of its Big Days of Small promotion July 15-16.
Memphis International Airport’s periodic behind-the-scenes tour will be offered in virtual format Friday, July 17, in collaboration with CityCURRENT.
FedEx founder, chairman and CEO Frederick Smith also is looking to sell his ownership stake in the NFL Redskins franchise, The Washington Post reported.
FedEx has launched voluntary COVID-19 testing for Memphis area employees and on-site vendors. Testing sites are at FedEx Express world headquarters and near the hub at Memphis International Airport.
E-commerce and a shortage of air cargo capacity pushed FedEx fourth quarter earnings well past analysts' expectations. Analysts wonder if trends will continue – and produce a desired goal of double-digit profits.