Senate approves $21M incentive for FedEx
The state Senate passed on Tuesday a measure that will provide FedEx Corp. with a $21 million break on sales taxes related to its massive hub expansion in Memphis over the next six years.
Topic: FedEx
RSSThere are 441 article(s) tagged FedEx:
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April 2019
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FedEx touts convenience network as antidote to porch piracy, missed deliveries
FedEx and Walgreens executives tout the value proposition of their FedEx OnSite network of pickup and drop-off locations in 9,000 Walgreens across the country.
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Amazon Prime One-Day: Will it hurt or help FedEx?
Amazon says it will roll out one-day delivery as the standard for Amazon Prime customers over multiple quarters, and that it will need help from 'external transportation partners.'
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FedEx volunteers spruce up Wolf River Greenway’s newest section
About 100 volunteers from FedEx Corp.'s Memphis home base turned out Wednesday to plant trees and tidy up the Wolf River Conservancy's newest section of Wolf River Greenway.
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State looks to provide $21 million sweetener for FedEx hub expansion
Tennessee's largest employer, FedEx Corp., may get a sales tax break from the state on the $1.3 billion overhaul of its hub at Memphis International Airport that will continue to 2026.
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FedEx wraps up voluntary buyout notices to employees Monday
FedEx finished notifying approved participants in its latest voluntary buyout program on Monday. The company isn't expected to disclose the program's results until a June 25 earnings report.
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FedEx touts economic, social, environmental impacts in Citizenship Report
FedEx by the numbers: 2019 Global Citizenship Report takes a deep dive into FedEx's workforce makeup, energy consumption, charitable programs and financials.
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FedEx, Open Skies proponents take umbrage with latest salvo by legacy carriers
Executives of FedEx, Atlas Air Worldwide and JetBlue are urging Secretary of State Mike Pompeo and Secretary of Transportation Elaine Chao Tuesday to stand by Open Skies agreements.
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Offer of free online education at UofM Global is expanded to FedEx Logistics
Learning Inspired by FedEx, a college tuition offer started by FedEx and the University of Memphis online last year, has been extended to certain U.S. employees of FedEx Logistics.
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Amazon not exactly nipping at FedEx’s heels, but growing delivery network
Amazon is making a bigger move into air cargo and building its capability to pick up from sellers and deliver directly to customers. But FedEx says it isn't worried.
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FedEx Logistics sends advance team Downtown to scout landscape, oversee HQ project
FedEx Logistics' top executives will move to Peabody Place Office Tower in May, giving the Memphis-based company its first significant office presence Downtown.
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FedEx named to ‘Best of Best’ list for diversity, inclusion
FedEx has been named a 2019 Best of the Best Corporation for inclusion by the National Gay and Lesbian Chamber of Commerce and the National Business Inclusion Consortium.
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E-commerce powers rising brand value for FedEx, UPS, study says
A consultant that places values on commercial brands picked four Memphis companies and nine in Tennessee for its ranking of 500 most valuable brands. FedEx was No. 34.
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March 2019
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Staying or going? FedEx nears decisions on voluntary buyouts
Some buyout-eligible FedEx employees could be left behind as a new payroll-trimming project comes to a head in April. FedEx aims to save up to $275 million a year.
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Former FedEx career employee Sean Healy joins Amazon
Former longtime FedEx executive Sean Healy, most recently regional chief operating officer for FedEx Express Europe, is listed on LinkedIn as an Amazon director after a 32-year FedEx career.
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FedEx says bonus plan ditched because of changing economic reality
FedEx said it cut out annual bonuses because of changing economic circumstances, but some employees complained the company was taking away a benefit they'd previously been led to expect.
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Tipping Point: Turning passion into action
Venki Mandapati enjoyed helping students with resumes and job interviews so much that he launched Careerquo, which helps students connect with mentors to pursue their careers.
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FedEx plans to scrap employee bonuses this year
FedEx told employees in the wake of a disappointing earnings report Tuesday that the company expects to scrap annual incentive compensation bonuses this year.
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FedEx earnings slide as global trade slowdown continues
FedEx's earnings missed company and analyst expectations Tuesday. The company cited a continuation of economic softness in Europe and Asia that prompted announcement of a cost-cutting plan in December.
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Explore Bike Share nets new support from FedEx, city
Explore Bike Share has picked up funding from Memphis-based FedEx, $150,000 over three years; and Memphis, $75,000 a year for four years, from fees on Bird and Lime.
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FedEx names Don Colleran as FedEx Express chief
FedEx has named Don Colleran as president and chief executive officer of FedEx Express. He'll succeed Raj Subramaniam, who became president and chief operating officer of FedEx Corp. March 1.
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Inside the FedEx voluntary buyout offer: Is it sweet enough?
The clock is ticking on FedEx Corp.'s voluntary buyout program aimed at selected employees at FedEx Express, corporate and FedEx Services. April 1 is the application deadline.
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FedEx chief says trade tensions dragging on world economic growth
Memphis-based FedEx Corp. chief Frederick W. Smith, appearing on Fox News, said trade tensions are hurting the world economy and he doesn't think U.S. voters will buy big government spending.
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FedEx’s Gloria Boyland listed among country’s most powerful black female executives
FedEx executive Gloria R. Boyland has overseen development of the newly unveiled FedEx SameDay Bot and truck platooning technology. She's one of Black Enterprise's Most Powerful Women in Corporate America.
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Fantastical? Armchair exercise mulls Amazon-FedEx combo despite long odds
Under the heading of "food for thought," analysts at one firm have pondered the what-ifs of an unlikely combination of Amazon and FedEx and suggested it would be a winner.
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