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Transportation/Logistics

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  • Transportation/Logistics
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  • Transportation & Logistics

    Smith: Economy ‘maybe stagflation’

    At last night’s Freedom Awards, FedEx Corp. founder Fred Smith talked about the economy and highlighted longtime staff members; two Pulitzer Prize-winning authors spoke about the time it takes to write about history. 

    By Bill Dries October 21, 2022
  • Transportation & Logistics

    FedEx donates more than 20,000 meals for people affected by Hurricane Ian

    The FedEx Cares “Delivering for Good” initiative collaborates with the American Red Cross. The company uses its vast network to connect those in need with resources through charitable shipping and cash donations.

    By Rob Moore October 20, 2022
  • Premium Transportation & Logistics

    Will FedEx’s record rate hikes be able to compete with UPS?

    FedEx will raise its shipping rates across most of its segments by as much as 6.9%, the company’s single-largest rate hike in its near 50-year history. 

    By Rob Moore October 19, 2022
  • Transportation & Logistics

    FedEx Academy casts vision of future careers in logistics for MSCS students

    FedEx Logistics hosted about 30 MSCS students for the FedEx Logistics Academy at its global headquarters at the former Gibson Guitar factory Downtown. 

    By Rob Moore October 14, 2022
  • Transportation & Logistics

    FedEx terminates Roxo, the same-day delivery robot

    FedEx is stepping back from the research and development program for a same-day bot to prioritize several nearer-term opportunities.

    By Rob Moore October 12, 2022
  • Premium Transportation & Logistics

    Low Mississippi River has barges running aground, farmers’ crops piling up

    During the first week of October, the river hit historic lows in Memphis, where it hovered just a few feet higher than the lowest recorded river level. 

    By Keely Brewer October 08, 2022
  • Business

    FedEx Ground says it will lower holiday volume forecasts

    The news follows a particularly poor earnings quarter from the Memphis-based company, which announced several cost-cutting measures in September.

    Related story:

    FedEx volunteers bundle 20,000 care packages for members of armed forces

    By Rob Moore October 07, 2022
  • Transportation & Logistics

    FedEx asks feds to intervene in pilot contract negotiations

    The federal assistance comes months after pilots picketed outside the FedEx Express Air Operations Center with signs that read, “When the world shut down, FedEx pilots delivered.” 

    By Rob Moore October 05, 2022
  • Transportation & Logistics

    Airport Authority to give update on its master plan

    The Memphis Shelby County Airport Authority will hold two sessions, the first on Tuesday, Oct. 25, from 4 p.m. to 8 p.m, followed by a second meeting on Wednesday, Oct. 26, from 10 a.m. to 2 p.m.

    By Rob Moore October 05, 2022
  • Business

    Robot with the ‘chops’ for unloading ready to work

    Dextrous Robotics is ready to take its logistics robot, DX-1, to market in 2023.

    By Christin Yates October 02, 2022
  • City of Memphis

    Low water affects Mississippi River barge traffic

    The National Weather Service predicts the Mississippi River at Memphis will reach its second-lowest level ever by Oct. 13. The drought is limiting barge traffic, just as crops harvested in the early fall need to be transported.

    By The Associated Press October 02, 2022
  • Transportation & Logistics

    ‘How did it catch you so off guard?’: Investors grill FedEx CEO after troubling quarter

    The shipping giant announced earlier this month that its earnings for the first quarter of fiscal year 2023 were much lower than the company’s predictions. 

    By Rob Moore September 23, 2022
  • Transportation & Logistics

    FedEx announces $2 billion in cost-cutting measures, rate increases

    In 2023, FedEx hopes to generate total cost savings of $2.2 to 2.7 billion, and the Memphis-based company plans increase some of its rates. 

    By Rob Moore September 23, 2022
  • Transportation & Logistics

    FedEx shareholders overwhelmingly approve board, compensation for top execs

    While FedEx stockholders presented four proposals of their own during the company’s annual meeting, each was rejected by more than 60% of voted shares. 

    By Rob Moore September 21, 2022
  • Transportation & Logistics

    Memphis International announces nonstop flight to Austin

    American Airlines announced it will launch nonstop service between MEM and Austin-Bergstrom International Airport (AUS) starting in January.

    By Rob Moore September 20, 2022
  • Transportation & Logistics

    FedEx shareholders approve board of directors, executive compensation

    Shareholders approved the company’s 15 nominees to the FedEx board of directors, including two who were named to the board following an agreement between FedEx and activist investor D. E. Shaw, and compensation for the company’s executive officers. 

    By Rob Moore September 19, 2022
  • Premium Transportation & Logistics

    Does FedEx’s poor quarter signal a global recession?

    News from FedEx has left some wondering what the company’s cost-cutting measures could mean in Memphis. FedEx, the city’s largest employer, has around 30,000 employees here.

    Related story:

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

    By Rob Moore September 18, 2022
  • 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
  • Business

    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

  • 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
  • Transportation & Logistics

    Ex-contractor Spencer Patton calls for no-confidence vote in FedEx Ground CEO

    Patton is calling for members of his contractor organization to vote on a call for no-confidence in FedEx Ground CEO John Smith. FedEx does not recognize the association. 

    By Rob Moore September 06, 2022
  • Premium Business

    Package deal: How FedEx Ground delivers the goods amid challenges

    FedEx Ground has relied on a contractor model since its inception. But what was once a low-cost solution now may be imperiled by the challenges of so-called last-mile delivery. 

    By Rob Moore September 04, 2022
  • Transportation & Logistics

    FedEx grants help to businesses owned by veterans, people with disabilities

    The FedEx Entrepreneur Fund will provide $10,000 grants to 30 small businesses. The deadline to apply is Friday, Oct. 7.

    By Rob Moore September 03, 2022
  • Transportation & Logistics

    FedEx terminates agreement with large contractor after filing lawsuit against it

    FedEx claims the contractor, which operated 225 routes in 10 states and had called for fees to be increased along with other changes, launched a “coordinated and multi-faceted campaign” that was “unfairly and wrongfully disparaging” FedEx Ground.

    By Rob Moore August 26, 2022
  • Transportation & Logistics

    FedEx Ground sues one of its largest contractors

    FedEx is seeking injunctive relief and monetary damages following what it called a “coordinated and multi-faceted campaign.”

    By Rob Moore August 26, 2022

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