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Transportation/Logistics

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  • Transportation & Logistics

    FedEx wrapping up fleet modernization, buying more planes

    As of May 31, FedEx Express had $1.3 billion in deposits and progress payments on aircraft purchases, including 46 Boeings it plans to buy by 2025. 

    By Rob Moore August 25, 2022
  • City of Memphis

    MATA celebrates additional $140M in federal funding

    With the funding, MATA is looking to add “service in the streets,” but it also hopes to move to a new headquarters within three years. 

    By Bill Dries August 25, 2022
  • Business

    Meet FedEx’s proposed board of directors

    All of FedEx’s board members are up for election or reelection when the company’s shareholders have their annual meeting, scheduled this year for Monday, Sept. 19.

    By Rob Moore August 11, 2022
  • Business

    ‘Corporate agitator’ questions FedEx board appointments

    John Chevedden’s more than 1,000 shareholder proposals with different companies has resulted in companies spending millions of dollars in legal fees. 

    By Rob Moore August 11, 2022
  • Business

    FedEx adds to board of directors after agreement with activist investor

    FedEx also announced Monday it will nominate retired Navy Vice Admiral Nancy A. Norton to its board when the company holds its annual meeting of stockholders in September. 

    By Rob Moore August 08, 2022
  • Transportation & Logistics

    FedEx Ground says it will not negotiate collectively with contractors

    “FedEx Ground will not discuss, negotiate, or renegotiate service provider agreements or financial terms with a committee or any individual purporting to represent a collective body of service provider businesses,” FedEx Ground CEO John Smith said in a letter to contractors. 

    By Rob Moore August 08, 2022
  • Transportation & Logistics

    FedEx to invest further in artificial intelligence, robotics technology

    Per the new agreement, FedEx will purchase up to $200 million in services from a Massachusetts-based technology company, in exchange for warrants for 25 million shares of its stock. 

    By Rob Moore August 03, 2022
  • Premium Transportation & Logistics

    Contractor for FedEx Ground says network in ‘far more peril than anyone realizes’

    FedEx Corp. counters that the more than 6,000 service provider businesses in its Ground network earned an average revenue of $2.3 million in 2021. 

    By Rob Moore July 23, 2022
  • Transportation & Logistics

    Airport president and CEO to retire

    “Scott’s impact on the success of MEM cannot be understated,” said the chair of the Memphis-Shelby County Airport Authority board. 

    By Rob Moore July 21, 2022
  • Business

    FedEx enjoying sky-high profits, but imposing challenges loom

    In its annual report for the fiscal year ended May 31, FedEx disclosed numerous risks to its business, including Russia’s invasion of Ukraine and increased competition.

    By Rob Moore July 19, 2022
  • Transportation & Logistics

    AutoZone exec appointed to U of M Board of Trustees

    Gov. Bill Lee’s appointment will replace current board member R. Brad Martin, if confirmed by the Tennessee state legislature.

    By Aarron Fleming July 18, 2022
  • Premium Transportation & Logistics

    Why is FedEx closing its data centers and moving to the cloud?

    The logistics giant is closing its remaining data centers and moving completely to the cloud, a decision that it says will take two years.

    By Rob Moore July 19, 2022
  • Transportation & Logistics

    FedEx’s Network 2.0 initiative a ‘fundamental’ shift in operations

    At its most recent meeting of shareholders and analysts, the Memphis-based company announced it is no longer interested in keeping its networks separate. Instead, FedEx wants to benefit from their overlap. 

    By Rob Moore July 08, 2022
  • Business

    One service center is building its own workforce to address labor shortage

    Technicians at the Gateway service center on Summer are self-supplying the company’s need for skilled mechanics with a six-month course that guarantees full-time employment at its conclusion. 

    By Rob Moore July 02, 2022
  • Transportation & Logistics

    FedEx maps out strategy to increase earnings, operating income

    New CEO Raj Subramaniam faces soaring inflation, increasing competition from Amazon and an activist investor demanding shakeups to the board, but plans to grow earnings per share by as much as 19% over the next three years, as well as increase operating income by as much as $4.5 billion. 

    By Rob Moore June 29, 2022
  • Transportation & Logistics

    FedEx predicts sizable profit growth over next three years

    The logistics giant announced Wednesday, June 29, its new “Deliver Today, Innovate for Tomorrow” strategy as investors and analysts gathered in Memphis for the company’s 2022 investor meeting. 

    By Rob Moore June 29, 2022
  • Transportation & Logistics

    Hundreds of FedEx pilots picket for updated contract

    Pilots are asking for a contract that increases retirement benefits and takes into account issues related to quality of life, such as time spent away from home and uncertainty around scheduling. 

    By Rob Moore June 29, 2022
  • Business

    FedEx delivers 52 tons of medical aid for Ukrainian refugees

    FedEx has donated more than $2.3 million in humanitarian aid since the outset of the conflict, including $1 million that has been allocated for in-kind shipping with nonprofit partners.

    By Rob Moore June 27, 2022
  • Premium Transportation & Logistics

    Record FedEx stock jump had help from New York investor

    D. E. Shaw & Co. is known for its activist investing, including its role in Exxon Mobil Corp.’s decision to add to its board and make $6 billion worth of cost savings changes. 

    By Rob Moore June 23, 2022
  • City of Memphis

    Council approves city’s share of recurring funding for MATA

    The growing pool of property-tax funding is expected to reach the $30 million goal in the next seven to eight fiscal years — with city and county combined funding.

    Related stories:

    City Council tables indefinitely ballot question to allow partisan primaries

    City Council rejects used-car lot on Elvis Presley Boulevard

    By Bill Dries June 21, 2022
  • Business

    FedEx pilots push for updated contract

    For the union, the two primary issues in the current round of negotiations are retirement benefits and matters related to quality of life. 

    By Rob Moore June 19, 2022
  • Transportation & Logistics

    Filing reveals annual pay for Fred Smith, new FedEx CEO

    An SEC filing reveals how much Raj Subramaniam and FedEx founder Fred Smith will earn in their new roles. 

    By Rob Moore June 18, 2022
  • Transportation & Logistics

    FedEx names first chief customer officer

    Brie Carere is a three-time winner of the FedEx Five Star Award, the company’s highest team member honor.

    By Rob Moore June 16, 2022
  • Transportation & Logistics

    FedEx adds new members to board, increases dividend by more than 50%

    FedEx Corp. stock was up nearly 9% Tuesday after the company made the announcement.

    By Rob Moore June 14, 2022
  • Business

    Efforts underway to recruit and train workers for BlueOval City

    Most of the hires (57%) have come from West Tennessee, including Haywood, Tipton, Madison and Fayette counties. But officials say Shelby County residents will play a big role in the construction project.

    By Rob Moore June 06, 2022

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