Editorial Results (free)
1.
Riding the Rails -
Thursday, April 18, 2013
By some estimates, America’s railroad companies are in the midst of the largest investment boom since the Gilded Age – when America’s railroad track mileage tripled between 1860 and 1880.
This year, North American’s freight railroads plan to invest $24.5 billion in intermodal terminals, new track, bridges and tunnels, safety equipment and rail cars, according to the Association of American Railroads.
2.
FedEx Misses Analysts’ Expectations -
Thursday, March 21, 2013
FedEx Corp. reported third quarter earnings that missed analysts’ expectations on continued weakness in international air freight markets and customers that chose less expensive and slower shipping services.
3.
FedEx Earnings Drop on Weakness in International Freight -
Wednesday, March 20, 2013
FedEx Corp. reported third quarter earnings that missed analysts’ expectations on continued weakness in international air freight markets and customers that chose less expensive and slower shipping services.
4.
FedEx Earnings Could Indicate Shipping Trends -
Tuesday, March 19, 2013
NEW YORK (AP) – FedEx Corp. wants businesses and consumers to buy more express-delivery shipping services, and the company could indicate whether that’s happening yet when it reports fiscal third-quarter results before the market opens Wednesday.
5.
Family Values Drive Success at United Warehouse Transportation -
Friday, March 01, 2013
United Warehouse Transportation, along with parent company United Warehouse & Transit Logistics, is riding an impressive wave of success over the past 18 months.
Near the end of 2011, UWT acquired a small local transportation company and formed United Warehouse Transportation, with projected annual revenues of $895,000. By the end of 2012, that number had grown to $6 million, and company CEO Chris Williams expects it to top $10 million by the summer.
6.
Centennial on Tap for Traffic Club of Memphis -
Monday, January 28, 2013
The Traffic Club of Memphis is kick-starting its 100-year celebration with the introduction of its 2013 officers, led for the second straight year by president Mason Wilson.
The club’s activities this year will feature a series of local events, including the Traffic Club International annual conference in September.
7.
Traffic Club Welcomes Witt to Kick Off Centennial Year -
Friday, January 11, 2013
The Traffic Club of Memphis kicked off the new year by welcoming Marshall Witt, senior vice president of finance for FedEx Freight, as the guest speaker at its monthly luncheon, held earlier this week at The Racquet Club of Memphis.
8.
Turning the Page -
Saturday, December 29, 2012
It’s that time of year again. It’s that time when journalists across the fruited plain collectively try and make God laugh – with our prognostications, of course, about the year ahead and of what might be.
9.
‘Banner Year’ for Logistics Industry -
Friday, December 28, 2012
Positive momentum far outweighed the negative in the local logistics and distribution industry during 2012, as city officials and business leaders continued elevating Memphis’s status as world logistics hub.
10.
FedEx Reports 12 Percent Earnings Drop -
Thursday, December 20, 2012
Memphis-based FedEx Corp. on Wednesday, Dec. 19, reported second quarter net income of $438 million, down 12 percent from last year’s $497 million. The company attributed the income drop to several factors, including weakness in global markets, higher fuel costs and disruptions resulting from Superstorm Sandy.
11.
FedEx Reports Earnings Drop, Buys More Planes -
Wednesday, December 19, 2012
FedEx Corp. this morning reported revenue rose 5 percent to $11.1 billion for its fiscal second quarter, compared to $10.6 billion during the same period in 2011. Operating income dropped $718 million, 8 percent from $780 million last year.
12.
Timely Delivery -
Saturday, December 08, 2012
On Dec. 10 FedEx Corp. is expected to have its busiest day in the 40-year history of the global shipping company.
Each year, the corporation plots out the day when shipments across its portfolio of services are expected to reach their peak for the year, which always occurs during the holiday shopping season.
13.
Citibank Cuts FedEx Earnings Estimates -
Tuesday, December 04, 2012
The string may have run out in the air cargo market, Citibank said Monday, which cut its FedEx Corp. earnings estimates for this year and next.
14.
FedEx Raises Rates For Ground and Home Delivery -
Monday, December 03, 2012
MEMPHIS, Tenn. (AP) - FedEx Corp. says that it is raising its shipping rates for ground and home delivery services in January by an average of 4.9 percent.
15.
Fire Suppression Systems Urged in All Cargo Planes -
Thursday, November 29, 2012
WASHINGTON (AP) – The government should require fire suppression systems in all cargo containers or compartments of planes to prevent the kind of ferocious in-flight blazes that have killed four cargo pilots over the past six years, federal accident investigators said Wednesday.
16.
FedEx Adds Canada to Morning Delivery Option -
Tuesday, November 13, 2012
FedEx Freight said Monday it has expanded its 10:30 a.m. delivery option to include Canada.
This service is now available for FedEx FreightPriority and FedEx FreightEconomy shipments to and from the U.S. and Canada, and for intra-Canada destinations, the company said.
17.
State Leaders Address Lamar Congestion -
Friday, November 02, 2012
Dr. Mike Golias, an assistant professor at the University of Memphis, has been studying GPS data from trucks in the Memphis and Nashville areas to learn more about routes and the other critical issue the trucking industry faces – how long it takes to get from one place to another.
18.
Hurricane Scramble -
Wednesday, October 31, 2012
It’s been called Frankenstorm, and from an economic standpoint it’s a perfect fit. Because by the time it’s all said and done, Hurricane Sandy likely will have taken a monster-sized bite out of the U.S. economy.
19.
Smith: Woes Accelerate FedEx Change -
Friday, October 12, 2012
FedEx Corp. founder and CEO Fred Smith ended 10 hours of immersion for analysts and investors in changes at the Memphis-based corporation Wednesday, Oct. 10, by telling the group of 200, “I think maybe we arrived at a better strategy through the wrong process.”
20.
FedEx Maps Out Changes for Express -
Thursday, October 11, 2012
FedEx Corp. executives detailing the terms of the company’s goal of a $1.7 billion improvement in annual profitability over the next three-and-a-half years Wednesday, Oct. 10, put much of the emphasis on how FedEx is changing the way it does business.
21.
Speculation Mounts for FedEx Changes -
Friday, September 21, 2012
The annual FedEx Corp. meeting with investors next month will be watched closely for what happens to FedEx Express, the oldest division of the Memphis-based company.
22.
FedEx to Begin Voluntary Buyouts -
Tuesday, August 14, 2012
Memphis-based FedEx Corp. is preparing for a voluntary employee buyout that will likely target workers in the company’s Express and Service units.
23.
FedEx to Begin Voluntary Buyouts -
Monday, August 13, 2012
Memphis-based FedEx Corp. is preparing for a voluntary employee buyout that will likely target workers in the company’s Express and Service units.
24.
UPS: Global Financial Situation Getting Worse -
Wednesday, July 25, 2012
NEW YORK (AP) – UPS expects the global economy to get worse before it gets better. Again.
The world’s largest package delivery company is more pessimistic about U.S. growth than many economists. It predicts global trade will grow even slower than the world’s economies — a trend not seen since the recession. It’s making cuts in its business and reducing its earnings projections.
25.
Firms Make Investments in Memphis Distribution -
Tuesday, July 10, 2012
In the past month, a pair of out-of-town firms have scooped up local distribution warehouses, growing its Memphis industrial real estate portfolio and planning for more.
Montreal-based Olymbec USA LLC recently closed on its $1.5 million purchase of 3615 Lamar Ave. from an entity affiliated with Miami-based loan servicer LNR Partners LLC.
26.
FedEx Cost Reduction Gains Attention -
Friday, June 22, 2012
A few minutes into this week’s earnings conference call with analysts, FedEx Corp. founder and CEO Fred Smith used three words that came to define much of the rest of the nearly hour-long conversation – “cost reduction program.”
27.
FedEx Freight Raises Domestic Rates -
Monday, June 11, 2012
FedEx Freight is raising its rates for shipments in the U.S. and between the U.S. and Canada by 6.9 percent effective July 9.
The rate hike also applies to the U.S. end of FedEx Freight shipments between the U.S. and Mexico.
28.
FedEx Freight Hikes Rates 6.9 Pct. -
Friday, June 08, 2012
FedEx Freight customers will pay a higher rate starting July 9 for most shipments in North America.
The less-than-truckload carrier said Friday it is raising shipping rates 6.9 percent for shipments within the United States and between the U.S. and Canada and within Canada.
29.
FedEx Corp. to Buy Brazilian Shipper -
Wednesday, May 30, 2012
Memphis-based FedEx Corp. is buying its authorized FedEx representative in Brazil to become part of FedEx Express.
The agreement to buy Rapidao Cometa Logistica e Transportes SA is the fifth by the Express division since February 2011 as FedEx acquires networks of existing domestic routes and services already in place in Europe and Latin America, linking them to its international transportation and logistics network.
30.
FedEx to Buy Brazilian Shipper -
Monday, May 28, 2012
Memphis-based FedEx Corp. is buying its authorized FedEx representative in Brazil to become part of FedEx Express.
31.
Farrisview Freight Terminal Sells for $1.7 Million -
Tuesday, May 15, 2012
2727 Farrisview Blvd.
Memphis, TN 38118
Sale Amount: $1.7 million
Sale Date: April 27, 2012
32.
UPS Q1 Profit Up, But International Business Slows -
Friday, April 27, 2012
ATLANTA (AP) – UPS said Thursday that its first-quarter profit rose 6 percent, but the result came in below Wall Street's expectations as Asian exports and other international shipments slowed.
33.
Industry Leaders Gather at Aerotropolis Conference -
Tuesday, April 10, 2012
A year ago this month, Memphis hosted the annual World Airport Cities Conference and Exhibition.
But Tuesday, April 10, on the University of Memphis campus, airport, economic development and logistics leaders from the area will meet to talk about the same concept that has dominated the recent World Airport Cities Conferences that were held in Beijing in 2010 and will be held this year in Denver.
34.
Monroe Ave. Bldg. Sells For $3.3M -
Friday, March 23, 2012
A fully leased Downtown office building has traded hands for more than twice its assessed value.
309 Monroe Property LLC purchased the 22,792-square-foot property at 309 Monroe Ave. for $3.3 million. The Shelby County Assessor of Property’s 2011 appraisal was $1.5 million.
35.
FedEx Says Economy Isn't as Robust as It Hoped -
Thursday, March 22, 2012
NEW YORK (AP) - FedEx says the global economy isn't growing as strongly as expected and customers are reacting by choosing cheaper means of shipping packages. The world's second-largest package delivery company is predicting a slower pace of growth this year for the U.S. and abroad than most economists.
36.
Analysts Predict Better FedEx Earnings -
Wednesday, March 21, 2012
NEW YORK (AP) – Analysts predict that FedEx Corp. will report better-than-expected fiscal third-quarter earnings on Thursday, as more package shipments and higher prices offset accelerating fuel prices.
37.
Former CN Chief Launches Academy -
Friday, March 09, 2012
When E. Hunter Harrison speaks to the first class of the new leadership academy Friday, March 9, at the University of Memphis Intermodal Freight Transportation Institute, it will be the first step on a path to a different kind of front office.
38.
Security Measures -
Friday, February 17, 2012
One of the legacies of the 9/11 terrorist attacks a decade ago was a tightening of security in supply chain and logistics businesses.
That means knowing who is handling the cargo at all times, where it is going, why it is being shipped and who is receiving it. The tightening has evolved in that time to a move toward self-regulation among logistics and supply chain companies with an international reach.
39.
'In the Middle' -
Friday, December 30, 2011
Memphis executives and business owners moving their goods around the world this year kept a close eye on international developments like the Arab spring and the Greek government’s fiscal crisis.
40.
Unfriendly Skies Looming at MEM -
Monday, December 19, 2011
For all the improvements at Memphis International Airport – most notably the air-traffic control tower that just opened and the ground transportation center under construction – the picture inside MEM isn’t as uplifting.
41.
FedEx Earnings Up 76 Pct. to $497M -
Friday, December 16, 2011
FedEx Corp.’s earnings rose significantly during the quarter ended Nov. 30, spurred by a jump in e-commerce during the Thanksgiving weekend, the company has announced.
42.
FedEx Earnings Up 76 Pct. to $497M -
Thursday, December 15, 2011
FedEx Corp.’s earnings rose significantly during the quarter ended Nov. 30, spurred by a jump in e-commerce during the Thanksgiving weekend, the company announced Thursday, Dec. 15.
The Memphis-based company also announced a delay in the rollout of new domestic jets as it signed an order for other new jets as well as international changes to meet “weakness” in Asia.
43.
FedEx to Increase Ground and Home Delivery Rates -
Monday, December 05, 2011
MEMPHIS (AP) – Shipping company FedEx says it will increase shipping rates for FedEx Ground and FedEx Home Delivery by a net average of 4.9 percent in January.
The ground and home delivery full average rate increase of 5.9 percent that goes into effect on Jan. 2 will be partially offset by a 1-percentage-point reduction in fuel surcharges. FedEx SmartPost rates also will change.
44.
Railroads Avert Looming Strike -
Monday, December 05, 2011
NEW YORK (AP) – Railroads have cleared a major hurdle as the industry averted a looming strike, paving the way for growth ahead, analysts said Friday.
The freight rail industry announced late Thursday it has settled labor disputes with two unions and agreed to extend talks with a third. Without the agreements, the railway unions could have launched a strike as early as Tuesday, when a federal "cooling off" period was set to expire. The agreements came just hours after Republican House leaders said they would move to vote Friday on emergency legislation to prevent a work stoppage.
45.
Railroads Avert Looming Strike -
Friday, December 02, 2011
NEW YORK (AP) – Railroads have cleared a major hurdle as the industry averted a looming strike, paving the way for growth ahead, analysts said Friday.
The freight rail industry announced late Thursday it has settled labor disputes with two unions and agreed to extend talks with a third. Without the agreements, the railway unions could have launched a strike as early as Tuesday, when a federal "cooling off" period was set to expire. The agreements came just hours after Republican House leaders said they would move to vote Friday on emergency legislation to prevent a work stoppage.
46.
Infrastructure Needs at ‘Tipping Point’ -
Friday, November 11, 2011
U.S Rep. Steve Cohen, D-Memphis, said the nation has reached “a tipping point” in its infrastructure – the publicly funded roads, rails, runways and other facilities on which the country’s goods and services move.
47.
FedEx Earnings Up, Outlook Lowered -
Friday, September 23, 2011
Memphis-based FedEx Corp. increased its earnings per share for the first quarter of the fiscal year compared to the same quarter of 2010.
48.
FedEx Earnings Up, Outlook Lowered -
Thursday, September 22, 2011
Memphis-based FedEx Corp. increased its earnings per share for the first quarter of the fiscal year compared to the same quarter of 2010.
49.
FedEx Says Consumer Confidence Drop Behind Demand Drop In Asia -
Thursday, September 22, 2011
Memphis-based FedEx Corp. increased its earnings per share for the first quarter of the fiscal year compared to the same quarter of 2010.
50.
UPS Doesn't See US Headed for Another Recession -
Friday, September 16, 2011
UPS is sticking with its earnings forecast for the full year despite what it warns will be a "bumpy ride" for the global economy.
And although slowing U.S. growth and sliding consumer confidence are bringing up comparisons to 2008, the world's largest package delivery company doesn't think the U.S. is headed for another recession.
51.
Analyst Cuts FedEx Rating on Slowing Growth -
Wednesday, September 14, 2011
An analyst lowered his rating and price target on shares of Memphis-based FedEx Corp. Tuesday, Sept. 13, on the expectation that slowing global growth will put pressure on the package delivery company’s ability to grow revenue this fiscal year and next.
52.
FedEx Freight Unit Broadens Reach in Mexico -
Wednesday, August 31, 2011
Memphis-based FedEx Corp.’s freight division is broadening its reach into Mexico, adding three more markets.
53.
FedEx Subsidiary Expands with Three New Offices -
Monday, August 22, 2011
FedEx Trade Networks, a subsidiary of FedEx Corp., has announced three new freight-forwarding offices in Europe and Asia.
54.
FedEx Freight Rate Hike Coming in September -
Tuesday, August 09, 2011
FedEx Freight is raising its general rates for North America by 6.75 percent, effective Sept. 6.
The division of Memphis-based FedEx announced the rate increase Monday, Aug. 8, eight months after raising the shipping rates for FedEx Express and FedEx Ground.
55.
FedEx Freight Rate Hike Coming In September -
Monday, August 08, 2011
FedEx Freight is raising its general rates for North America by 6.75 percent, effective Sept. 6.
The division of Memphis-based FedEx announced the rate increase Monday, Aug. 8, eight months after raising the shipping rates for FedEx Express and FedEx Ground.
56.
Market Seeing Ups and Downs -
Friday, July 29, 2011
The housing market’s recovery could be another year out, commercial sales are at record highs and Memphis is back in the game of economic development.
That was the message a room full of real estate agents, appraisers and financial professionals received Wednesday, July 25, when real estate information company Chandler Reports hosted its “Master Your Market: 2nd Quarter 2011 Update,” in conjunction with the Appraisal Institute of Memphis’ 2nd Quarter membership luncheon at the University of Memphis Fogelman Executive Center, 330 Innovation Drive.
57.
Bernanke, Smith Differ on Economy -
Friday, June 24, 2011
The same day that the chairman of the Federal Reserve was saying economic problems could persist into 2012, the founder of Memphis-based FedEx was telling analysts growth was on the way and the economy was through a “soft patch.”
58.
Strong Q4 Positions FedEx For Growth -
Thursday, June 23, 2011
FedEx Corp. beat expectations with its fourth quarter and year-end earnings report on Wednesday, June 22, as founder, chairman and CEO Fred Smith struck a decidedly optimistic tone about the economy.
59.
FedEx Revenues and Net Income Up -
Wednesday, June 22, 2011
Memphis-based FedEx posted fourth quarter revenues of $10.55 billion, an increase of 12 percent for its fiscal year that ended in May. And it reported a net income of $558 million for the quarter, up 33 percent from the year before.60.
FedEx Freight Honored for IT Work -
Monday, June 06, 2011
FedEx Freight has been honored for its operational and strategic excellence in information technology.
FedEx Freight, a division of Memphis-based FedEx Corp., has won a 2011 CIO 100 award from CIO Magazine.
61.
No Octane -
Monday, May 30, 2011
Several of Memphis’ major publicly traded companies pointed to it during calls with analysts and presentations of their first quarter results.
An expected drop in automobile travel during the Memorial Day holiday weekend in Tennessee and neighboring states is expected to be influenced by it.
62.
Flood Disruptions Minor for Cargo -
Friday, May 13, 2011
For a local economy built on a cornerstone of transportation and logistics, this week’s historic crest of the Mississippi River at Memphis could have been much worse.
As the waters begin to slowly recede, the companies that move goods through Memphis will continue to do what they did as the waters rose – keep ready the alternate routes worked out well in advance.
63.
FedEx Trade Networks Opens More Offices Abroad -
Friday, May 06, 2011
The newest FedEx subsidiary announced Wednesday the opening of five new offices in Europe, the Middle East and Africa.
FedEx Trade Networks focuses on international ocean and air freight operations, or what is called “freight forwarding.”
64.
UPS Raises Outlook While Eyeing Economic Risks -
Wednesday, April 27, 2011
NEW YORK (AP) – UPS expects the pace of the economic recovery to moderate because of risks like high oil prices, but remains confident it can grow earnings significantly from a year ago.
65.
City Needs Flight Plan to Soar in 21st Century -
Monday, April 11, 2011
Some of the elements of an aerotropolis are already in place as work begins on a master plan for the concept.
Parts of aerotropolis planning are not complex, and other parts are already at work in Memphis simply because proximity to the airport makes sense for certain types of businesses.
66.
Optimistic Outlook -
Friday, March 18, 2011
FedEx Corp. announced Thursday revenue of $9.66 billion for the quarter that ended Feb. 28. The revenue is up from $8.7 billion the previous year.
67.
FedEx Reports $9.6B Quarterly Revenue -
Thursday, March 17, 2011
FedEx Corp. announced Thursday revenue of $9.66 billion for the quarter that ended Feb. 28. The revenue is up from $8.7 billion the previous year.
Meanwhile, operating income of $393 million was down 6 percent from last year and the Memphis-based cargo and package giant announced a net income of $231 million for the quarter, down 3 percent from a year ago.
68.
FedEx Express Adds Early Morning Delivery -
Wednesday, February 23, 2011
FedEx Express – a subsidiary of FedEx Corp. and the world’s largest express transportation company – is adding new services for customers including FedEx First Overnight Freight and FedEx 2Day A.M.
69.
Dunavant Survey Shows Industry Confidence -
Friday, February 18, 2011
Logistics customers and the companies that move their goods around the world need to do a better job of talking to each other.
And the more specific they are with each other the more confident they both can be as they seek to back firm judgments about the economy with inventory.
70.
FedEx Freight CFO Aims to Change LTL Structure -
Friday, February 11, 2011
The chief financial officer of FedEx Freight Corp. wants to try to make the LTL (less than truckload) freight business more like the package business.
71.
FedEx Expands LTL Offerings -
Tuesday, February 01, 2011
FedEx Freight Corp. has launched its new unified less-than-truckload network, offering customers the choice of two levels of service from a single company.
72.
US Airlines Make Money Again by Flying Less -
Wednesday, January 26, 2011
DALLAS (AP) – After a decade of multibillion-dollar losses, U.S. airlines appear to be on course to prosper for years to come for a simple reason: They are flying less.
By grounding planes and eliminating flights, airlines have cut costs and pushed fares higher. As the global economy rebounds, travel demand is rising and planes are as full as they've been in years.
73.
New Tax Law Packed With Obscure Business Tax Cuts -
Tuesday, December 28, 2010
WASHINGTON (AP) – The massive new tax bill signed into law by President Barack Obama is filled with all kinds of holiday stocking stuffers for businesses: tax breaks for producing TV shows, grants for putting up windmills, rum subsidies for Puerto Rico and the Virgin Islands.
74.
Profit Down, Revenue Up at FedEx -
Friday, December 17, 2010
FedEx Corp., the world’s second-largest package delivery company, said its profit fell 18 percent during the Memphis-based shipper’s fiscal second quarter.
75.
Profit Down, Revenue Up at FedEx -
Thursday, December 16, 2010
FedEx Corp., the world’s second-largest package delivery company, said its profit fell 18 percent during the Memphis-based shipper’s fiscal second quarter.
76.
FedEx Raising Ground Shipping Rates -
Tuesday, December 07, 2010
FedEx Corp. is raising rates for ground shipping and home delivery by an average of 4.9 percent next month, in addition to the rate increases it earlier announced for its express service.
77.
FedEx to Cut 200+ Ohio Jobs -
Thursday, December 02, 2010
FedEx Corp. has said more than 200 jobs will be cut when it closes a shipping terminal in southwest Ohio in January.
78.
Credit Suisse Upgrades FedEx on Production Outlook -
Tuesday, November 30, 2010
NEW YORK (AP) – FedEx Corp. shares rose Monday as a Credit Suisse analyst lifted his rating on the stock, saying growth in global industrial production is likely to help drive the shipper's performance.
79.
CCIM Announces New Designees -
Friday, October 29, 2010
Memphis Metro Certified Commercial Investment Member (CCIM) leaders pinned five new chapter designees last week in Orlando, Fla., after the designees passed a comprehensive exam.
The latest additions to CCIM are Rob Downey with The ServiceMaster Co., Aaron Petree with Loeb Properties Inc., Fred Placke with Fischer & Co., Taylor Trezevant with Trezevant Realty Corp. and Mark Utley with Utley Properties.
80.
Norris, Conference Enhance IFTI Mission -
Wednesday, October 27, 2010
When it comes to logistics and distribution capabilities, Memphis’ leverage lies in the four Rs – roads, river, railway and runway.
The University of Memphis adds to the city’s viability in those industries with its Intermodal Freight Transportation Institute (IFTI), a public-private partnership that deals with myriad issues surrounding the movement of goods.
81.
U of M Ramping Up Sustainability Focus -
Thursday, October 14, 2010
Starting in spring 2011, the University of Memphis will offer a breakthrough real estate graduate program that will emphasize sustainability and ways to reduce carbon footprints.
The Memphis Metro Certified Commercial Investment Member (CCIM) chapter earlier this week held a panel discussion – composed of three professors from the U of M’s Department of Finance, Insurance and Real Estate – on new directions such as these in commercial real estate.
82.
CCIM Panel Discussion Planned for Tuesday -
Tuesday, October 12, 2010
The Memphis Metro Certified Commercial Investment Member (CCIM) Chapter plans to hold a panel discussion on new directions in commercial real estate Tuesday.
The panel is composed of professors from the department of finance, insurance and real estate of the University of Memphis, including Ronald W. Spahr, Grant I. Thrall, Mark Sunderman and Richard D. Evans.
83.
Cohen: Love Of Government Started Early -
Wednesday, October 06, 2010
With fervor for politics at a young age, U.S. Rep. Steve Cohen, D-Memphis, explained his lifelong journey into Congress at the Society of Industrial Office Realtors (SIOR) luncheon Monday.
84.
FedEx Raises Shipping Rates on Express Service -
Thursday, September 30, 2010
MEMPHIS (AP) — Package delivery service FedEx Corp. said Wednesday it will raise shipping rates for FedEx Express by an average of 3.9 percent for both U.S. domestic and export services, effective Jan. 3.
85.
FedEx Focused on Future -
Wednesday, September 29, 2010
FedEx Corp. announced its goal to increase earnings per share by 10 to 15 percent yearly over the long-term and achieve 10 percent plus operating margins at this week’s annual stockholders meeting.
86.
'Buy' Ratings Reaffirmed on FedEx -
Monday, September 20, 2010
Several analysts applauded FedEx’s strong international growth and move to resize its struggling U.S. trucking operations on Friday, reiterating “Buy” ratings.
FedEx Corp. said Thursday that while strength in international shipments is driving its first-quarter profit, the world’s second-largest package delivery company is cutting 1,700 jobs in its U.S. freight business to offset losses there.
87.
FedEx Doubles Profits; Plans to Cut Jobs -
Friday, September 17, 2010
FedEx Corp.’s strong first quarter results are likely to give fresh ammunition to the crowd that has a glass-half-full view of the global economy.
88.
New Unemployment Claims Fall to Lowest in 2 Months -
Friday, September 17, 2010
WASHINGTON (AP) – The number of newly laid-off workers seeking unemployment benefits dropped slightly last week to its lowest level in two months, a sign that employers are cutting fewer jobs.
89.
FedEx Doubles Q1 Profits; Plans to Cut 1,700 Jobs -
Thursday, September 16, 2010
FedEx Corp.'s strong first quarter results are likely to give fresh ammunition to the crowd that has a glass-half-full view of the global economy.
That the Memphis-based air freight and courier company's profits were up more than 100 percent from the same quarter last year, with revenue climbing 18 percent, suggests a robust trade flow. And that fears of a "double-dip" recession, at least for now, might be overblown, since FedEx's business tends to do well when economic activity is strong.
90.
Schmitt Stepping Down as SVP of FedEx Solutions -
Tuesday, August 24, 2010
After calling Memphis home for 12 years, FedEx executive Tom Schmitt is heading north to take a new job in Toronto as president and CEO of Purolator, Canada’s largest parcel transportation company.
91.
Cargo Numbers Continue to Climb at Memphis International -
Friday, August 20, 2010
Memphis International Airport began its new fiscal year with lower passenger counts but a healthy increase in cargo shipments.
Freight handled at the world’s busiest cargo airport during July surged 8.4 percent – a total of 738.4 million pounds went through the airport compared to 681.2 million pounds a year ago.
92.
FedEx Subsidiary Grows in Europe -
Wednesday, August 04, 2010
FedEx Trade Networks, a subsidiary of FedEx Corp. has opened three additional offices in Rotterdam, Netherlands, and Hamburg and Frankfurt, Germany.
93.
New Security Checkpoint Coming to Airport -
Friday, June 18, 2010
A new and improved security checkpoint for Terminal B at Memphis International Airport is one step closer to reality.
The Memphis-Shelby County Airport Authority at Thursday’s board of commissioners meeting awarded a $7 million “construction manager at risk and general contracting services” contract to Inman/EMJ Construction Corp.
94.
Inman/EMJ Awarded Security Checkpoint Contract -
Thursday, June 17, 2010
A new and improved security checkpoint for Terminal B at Memphis International Airport is one step closer to reality.
The Memphis-Shelby County Airport Authority at Thursday’s board of commissioners meeting awarded a $7 million “construction manager at risk and general contracting services” contract to Inman/EMJ Construction Corp.
95.
Passengers Down, Cargo Up at Airport -
Wednesday, May 26, 2010
While a whistleblower’s claim that one of the airport’s runways is unsafe took center stage at last week’s Memphis-Shelby County Airport Authority board meeting, the dramatic discussion overshadowed a full slate of resolutions and updates on the most recent passenger and cargo activity at the airport.
96.
United Way Chooses Committee Chairman -
Thursday, May 20, 2010
The United Way of the Mid-South has announced a new chairman for its volunteer board of directors.
William J. Logue, president and chief executive officer of FedEx Freight Corp., is the chairman of the board, while Martha Perine Beard of the Federal Reserve Bank of St. Louis Memphis Branch is chairman-elect.
97.
FAA Proposes $1.6M Fine Against FedEx -
Thursday, May 20, 2010
NEW YORK (AP) - The Federal Aviation Administration on Wednesday proposed a $1.6 million civil penalty against Memphis-based FedEx Corp. for allegedly failing to revise its maintenance program for airplane loading containers.
98.
Cohen Bill Elevates Aerotropolis Concept -
Wednesday, May 12, 2010
U.S. Rep Steve Cohen hopes his colleagues on Capitol Hill will soon become as familiar with the term “aerotropolis” as the constituents he represents in Tennessee’s 9th District.
99.
Allen’s Legal Expertise Takes Him Places -
Thursday, April 29, 2010
Cannon Allen grew up with an idea that he might end up in the legal field, but a broad range of cases in commercial litigation paved the way for far-reaching experiences in entrepreneurship, transportation and logistics, and community building.
100.
UPS Optimistic About Economic Recovery -
Wednesday, April 28, 2010
ATLANTA (AP) – Improving global economies helped shipping giant UPS boost its first-quarter profit and its prospects for the rest of the year, although a growing number of customers are choosing less-expensive options when sending packages.