In addition to his salary, FedEx announced Monday that Dietrich will receive a signing bonus of $200,000, which will be paid in two installments. FedEx names new CFO and EVP, announces shifts in its finance teamRelated story:
The Memphis-based company announced Monday, July 17, its hiring of John W. Dietrich to the role, which will be vacated by CFO Michael C. Lenz on July 31.Related story:
Chamber leadership met with media representatives in the Big Apple to discuss Memphis’ robust economic development pipeline, as well as the area’s workforce diversity.
The airline’s other Memphis destinations are Atlanta, Baltimore, Chicago, Dallas, Denver, Houston, Orlando and Phoenix.
The industrial building, which is fully leased to Barrett Distribution Centers, was delivered in 2022.
The move from FedEx follows a breakdown in negotiations between UPS and the Teamsters union; more than 300,000 UPS workers could go on strike at the end of July.
The holiday period is Thursday, June 29, to Wednesday, July 5, with the peak expected to be Friday, June 30, when more than 10,000 people are expected to pass through the checkpoint.
Revenue for the fourth quarter was a few billion shy compared to the $24.4 billion the company announced in the same quarter of 2022. FedEx to consolidate its Canadian Ground and Express operationsRelated story:
The Memphis-based said the transition will take place in phases beginning in April 2024, affecting around 200 contractors.
Overall, the preliminary agreement has a combined $3.8 billion in value, a more than 37% increase from the current contract.
According to the union, the new agreement would provide major pension improvements with alternative pension options, hourly pay rate increases, an amendable period recovery payment and other improvements to pilots’ quality of life.
The Great Plains Action Society’s Walk for River Rights was the centerpiece of a three-day summit last month for organizers from in the Mississippi River basin, who, among other things, want to grant the river legal standing.
Earlier this month, the FedEx ALPA Master Executive Council, the union which represents the pilots, announced its members had voted to strike if necessary to achieve a new labor agreement.
The Sustainability Insights tool is designed to assist FedEx in its goal of reaching carbon neutral operations by 2040.
Pilots picketing outside the FedEx Express Air Operations Center on Airways Boulevard Wednesday held signs that read “When the world shut down, FedEx pilots delivered” and “Now is the time!”
The airport and TSA have shared tips for people traveling for the holiday.
The increase in revenue will be supplemented by the federal Coronavirus Response and Relief Supplemental Appropriation Act funding and surplus funds that will carry over from 2023.
Scott Brockman, the airport’s president and CEO, talked on “Behind The Headines” about incentives for flights to and from certain cities and other adjustments a decade after Delta ‘de-hubbed’ Memphis International.
A representative of FedEx said the decision should not affect the company’s operations at this time.
The aviation duo broke new ground after they traveled from Memphis to Incheon, South Korea.
“COVID really kind of kicked the baby boomers out,” said one industry insider, “and now that we had such a huge exodus of them, there’s just nobody to replace ’em.”
A top FedEx Corp. executive has been appointed to the University of Memphis board of trustees by Tennessee Gov. Bill Lee.
State Sen. Brent Taylor (R-Memphis) said the state’s lack of a cap on jet fuel taxes is part of the reason the Memphis International Airport doesn’t have more daily flights.
American Airlines donated $1.5 million for student scholarships last summer, a donor recently gave the academy a $6,000 flight simulator and opportunities to introduce airline careers to high schoolers are growing.
According to a representative of FedEx, eligible employees will be offered permanent transfer opportunities to other markets that have hiring needs.