FedEx is planning to expand its operations at the airport with an $18.1 million addition to its international freight facilities, according to a permit.

IP reported $6 billion in net sales, falling short of expectations and showing an 11.3% year-over-year decline. Overall, the company lost $12 million in the second quarter, or 2 cents per share.

FedEx announced it is laying off almost 150 workers at two facilities in the St. Louis area.

Facility closures are scheduled to take place Aug. 3.

The two selections round out the picks for a new board following a change in state law, pending a lawsuit originating in Nashville. 

A new state law changes who selects members of the Memphis-Shelby County Airport Authority board of commissioners, but has been contested in federal court. 

The company is renovating the facility to support customers in the data center infrastructure market.

Leading a nearly all-female team at the Dunavant, a supply and logistics company, terminal office in Southeast Memphis, Kristy Hart said she hasn’t thought much about it despite what has historically been a male-dominated industry.

FedEx Supply Chain will be sold to CMA CGM Group, a French-based shipping and logistics company, pending regulatory approvals. 

The declining Memphis transit system received more than $30 million in funding in the city’s recently approved budget. That’s more than it got last year. But MATA supporters say it’s not enough. 

Only one in 20 travelers could identify a real photo of a Tennessee outdoor tourism spot when shown alongside an AI-generated image. Here’s how the state’s Department of Tourist Development plans to counter that.

Commissioners approved an additional $2.6 million for design of a new baggage system and administration building.

Memphis-Shelby County Airport Authority commissioners feel the board’s job is vital to the local economy, no matter who sits on it. Many of them could soon be replaced following passage of a new state law.

Amazon Prime Air showed off its MK30 drones at the Renasant Convention Center. It hopes to operate 10 to 14 by later this year.

SpaceX said that Cursor will become a wholly owned subsidiary when the deal closes in the third quarter.

Walmart is considering introducing drone delivery from one of its Memphis-area locations. 

A new agreement was reached between FedEx pilots and management. More than 80% of pilots who voted approved the agreement, which includes $150,000 in pay they lost during the negotiations, which have gone on for years.

AutoZone’s mega hub and commercial business strategy has it poised to continue growing in the summer months, officials said during an earnings call Tuesday, May 26.

The airport is also in the early planning stages of a new rental-car facility. 

The Supreme Court ruled that freight brokers can be held liable in injury cases caused by carriers they hire. But a lack of “guardrails” could still leave an uphill battle for smaller companies in Memphis. 

Last week, Amazon announced it was launching Amazon Supply Chain Services and offering freight, distribution, fulfillment and parcel shipping to, as it said, “business of all types and sizes.”

After Amazon announced its expansion of its logistics services, experts said the market might have overreacted. FedEx, UPS, DHL and the other Memphis logistics companies bet on resilience.

The route starts this summer. 

FedEx’s stock plummeted Monday, May 4, as Amazon unveiled it was expanding it logistics offerings to “every business.”

“All you have to do is come to the gas station. And the reality at the gas station is the same reality that the airlines are having to deal with.”