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.
Topic: FedEx
RSSThere are 441 article(s) tagged FedEx:
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August 2022
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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.
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July 2022
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Oh Snap: This week’s best photos
Independence Day means a long weekend for most of us, but for some folks it’s another workday. We’ve got pictures of FedEx, Grace Medical and Bartlett Police Department employees, as well as an image related to the new Frayser Library. Vote for your favorite.
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June 2022
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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.
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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.
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May 2022
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FedEx lends a hand with Operation Fly Formula
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.
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FedEx wants to electrify last-mile delivery; BrightDrop wants to help
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.
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Guest column: Noise pollution within Memphis is rampant
Crosstown High School ninth grades wrote this column addressing the noise and air pollution in Memphis for their capstone class.
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April 2022
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Bluff City Biz: FedEx Logistics opens Downtown, Parkview could shift to more than just seniors
FedEx Logistics’ decision to consolidate more than 600 of its workers into a single Downtown workspace has been years in the making.
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FedEx Logistics global headquarters opens at former Gibson Guitar factory
The decision to consolidate more than 600 of its workers into a single Downtown workspace has been years in the making and not without its setbacks. The move took more than $50 million and three years to execute.
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Bluff City Biz: Future of FedEx and Blue Oval City with Bo Allen
“It’s hard for me to believe that anyone has done more for Memphis than Fred Smith,” Bo Allen, First Horizon regional president for West Tennessee, Arkansas and North Mississippi, said.
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What’s next for FedEx?
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.
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March 2022
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Raj Subramaniam to succeed Fred Smith as president and CEO of FedEx Corp.
FedEx announces the next president and CEO following founder Frederick W. Smith’s tenure.
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Bluff City Biz: A pop-up sushi restaurant, retail improvement grants with Karen Carrier
“I say, do whatever it takes to bring life back into whatever area of the city needs it,” Karen Carrier, Memphis chef and restauranteur, said. “It’s important for the city to grow in the way it needs to grow.”
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Butler Row aims to make Downtown Wiseacre area more walkable
The $65 million, 2.34-acre Butler Row development was previously awarded a 12-year payment-in-lieu-of-taxes in January.
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FedEx reports higher third quarter earnings
The improved results were partially offset by the effects of the Omicron variant, as well as higher transportation and wage related costs.
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International Paper on short list of corporations still operating in Russia
More than 375 companies around the world — including FedEx Corp. and Sylvamo Corp. — have suspended operations in the region following the humanitarian crisis created in the wake of Russia’s full-scale invasion of Ukraine.
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Bluff City Biz: Blue Oval City, business in Russia with John Threadgill
“I would suspect that most of the companies that entered into the Russian market either had a contingency plan,” the Bartlett Chamber president said.
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Memphis-based companies with ties to Russia risk losing assets
Russian courts can appoint external administrators for companies that cease operations and are at least 25% foreign-owned, if a plan favored by Vladimir Putin is approved.
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FedEx Express chief to retire; Richard Smith will take over
Richard W. Smith will become president and CEO-elect of FedEx Express following the announcement Thursday, March 10, that Donald F. Colleran will retire effective Dec. 31, 2022.
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As world uses ‘power of the marketplace’ against Russia, local companies could be impacted as well
“If we want to solve this problem in Ukraine using gas and oil as one of the solutions, then in fact it’s going to cost us,” said a local economist.
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January 2022
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Memphis airport ‘not impacted’ by 5G interference
But FedEx World Hub could be affected, Memphis-Shelby County Airport Authority officials said.
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Bluff City Biz: Downtown investment, Mid-South innovation with Greater Memphis Chamber CMO
“There’s demand, and we couldn’t have a stronger signal for investors that this is the place to invest,” said Apryl Childs-Potter, chief marketing officer with the Greater Memphis Chamber.
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FedEx to add to its all-electric delivery fleet
FedEx Express, a subsidiary of FedEx Corp., plans for 50% of its global pickup and delivery vehicle purchases to be electric by 2025, with plans to reach 100% by 2030.
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December 2021
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Social Club: Fans talk Ja Morant’s return; Memphians react to Music Fest lineup
Grizzlies fans show Ja Morant support and Memphians react to the initial 2022 Beale Street Music Festival lineup.
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