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.
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.
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.
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.
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.
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.
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. City Council tables indefinitely ballot question to allow partisan primaries City Council rejects used-car lot on Elvis Presley BoulevardRelated stories:
For the union, the two primary issues in the current round of negotiations are retirement benefits and matters related to quality of life.
An SEC filing reveals how much Raj Subramaniam and FedEx founder Fred Smith will earn in their new roles.
Brie Carere is a three-time winner of the FedEx Five Star Award, the company’s highest team member honor.
FedEx Corp. stock was up nearly 9% Tuesday after the company made the announcement.
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.
A Morgan Stanley report suggests FedEx could be suffering from conditions that “have turned more sluggish globally, no doubt compounded by additional complications from the conflict in Ukraine and COVID-related shutdowns in China.”
As manufacturers scrambled to resume operations in 2021 following shutdowns across several industries the year before, truckers were in demand.
FedEx announced in September 2021 it would enter a pilot program with California-based Aurora Innovation Inc. to test autonomous driving technology.
Shares of AutoZone stock were up Tuesday morning following the release, which reported net sales of $3.9 billion for the third-quarter 2022.
The flight from the Ramstein Air Base in Germany to Indiana transported the equivalent of 1.5 million 8-ounce bottles of three formulas, all of which are hypoallergenic for children with cow’s milk protein allergy.
“I think the public versus private versus publicly-owned private space question is one that should be unpacked,” said Sam Rauch, who has curated exhibits for New York’s LaGuardia Airport.
“The MSCAA staff has overcome many challenges that resulted from the pandemic,” said the chair of the airport authority’s board.
The infant formula shortage has been caused by the closing of an Abbott Labs facility in Sturgis, Michigan, as well as the greater global supply chain crisis.
“I had a customer come pick up his ‘21 model Hyundai Palisade to drive it around with no rear bumper because we’ve had it since February,” said one body shop owner. “Nobody can even tell us when the bumper is coming.”
About a dozen MATA workers gathered Tuesday, May 10, to test the transit authority’s Siemens–Duewag U2 car.
FedEx became BrightDrop’s first customer in December 2021 after it received 500 orders of the Zevo 600, which has an estimated range of up to 250 miles on a full charge.
While FedEx has been working on modernization efforts for a couple of years, the COVID pandemic and related shipping demands prolonged the timeline.
Spirit becomes the ninth airline serving Memphis. It will operate 182-seat Airbus A320 aircraft for its flights.
The intersection just east of the Memphis-Arkansas Bridge was a major choke point last year when the I-40 bridge was closed.
FedEx stock was up nearly 5% Tuesday, March 30, following the announcement on Monday that Raj Subramaniam will succeed Frederick W. Smith as president and CEO.
FedEx announces the next president and CEO following founder Frederick W. Smith’s tenure.
For more than two hours Saturday morning, FedEx Express team members loaded a Boeing 777 cargo aircraft with 76 tons of supplies, including an emergency field hospital and life-saving medicines.