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VOL. TMN-11 | NO. 4 | Saturday, January 27, 2018
Weekly Issue


West Tennessee is still waiting to reap the benefits of the Memphis Regional Megasite

In physics the larger an atom is, the more polarizing it can become. The same can be said of real estate development. So it’s not surprising that something referred to as a megasite can incite a range of opinions that are as vast as the site itself.

FedEx to Invest $3.2B in Wages, Pension Fund, Hub Investments

FedEx Corp. has announced it will invest $3.2 billion to enact three new programs in the wake of the U.S. Tax Cuts and Jobs Act, the first being to increase employee compensation by more than $200 million, about two-thirds of which will go to hourly employees.

Citing Lack of Funds, Memphis Health Care Org Closes, New Group Steps In

Knoxville-based Cherokee Health Systems has stepped in to continue operating the clinics of Memphis’ Resurrection Health, which closed its doors on Dec. 31 in part because of funding running out.

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Novel will host Wintrell Pittman, author of the “Children of the World” book series, for a discussion and book signing Saturday, Jan. 27, at 2 p.m. at 387 Perkins Road Extended. The 12-book series uses crayon characters to teach children basic morals and values while enhancing reading and comprehension skills. Visit novelmemphis.com.

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Editorial: Megasite Not Ready for Prime Time After A Decade

The Memphis Regional Megasite in Haywood County has a lot of factors going against it starting with its name. It is not in Memphis – which can be confusing to national site consultants and their clients.


This week in Memphis History: Jan. 26-Feb. 1

1997: On the front page of The Daily News, Wolfchase Galleria, the city’s largest shopping mall, is about to open and “stores are scrambling to hire managers and clerks in a market that currently has one of the lowest unemployment rates in years.” University of Memphis researcher David Ciscel says, “The impact will be similar to the impact that Tunica has had and is having on the Memphis economy," referring to the opening in the early 1990s of casinos in Tunica.

EMPHASIS Distribution & Logistics

Trucking Taxation on Rise, But Driver Shortage Remains Largest Challenge

Trucking companies pay one of the highest tax rates of any business sector. According to a study published by New York University, only the 27.28 percent average tax rate in the homebuilding sector was higher, with trucking second at 26.74 percent.

Rolling on the River

Port of Memphis Poised for Growth

Despite being the fifth-largest inland port in the United States, the Port of Memphis often gets outshined by its counterparts like Memphis International Airport and BNSF Railway’s intermodal facilities. 

JNJ Express Enjoys Latest Growth Spurt

Family-owned and operated JNJ Express is a bona fide Memphis success story. Last year, the asset-based transportation and logistics provider celebrated its 25th anniversary, and the company is set to grow by as many as 100 new trucks this year while also scouting sites for a new facility.


Jubilee Schools Closing After 20 Years

The Catholic Diocese of Memphis is ending its operation of nine Jubilee Schools and St. Michael School at the end of the 2018-2019 school year and is working with a charter organization to form a network of charter schools to replace them.

Back to School

Parents get refresher to help their children be successful

Third grade math is still all about multiplication and division, which may be learned through memorization or through applying addition and subtraction. But it is always about understanding the concept.

Millington High School Center For Performing Arts Underway

When it is completed in about a year, the new Millington Central High School Performing Arts Center will look familiar to longtime residents who may have graduated from the school when it was in its former building.


Bite Squad Pool Of Memphis Restaurants Tops 150

Competition in the on-demand meal delivery space is heating up in Memphis with the online and mobile food ordering and delivery service Bite Squad adding more than 30 new restaurants to its stable in Memphis, bringing its total to more than 150 here.


Memphis, By Design

Local fashion designer looks to grow brand

For local fashion designer Xavier Winston, getting out of Binghampton was always his motivation growing up, but today he proudly represents the community as a successful entrepreneur and evidence of what you can accomplish with dedication and hard work.


Dunavant Awards Will Feature Hardy As Keynote

As a lifelong Memphian and successful entrepreneur, Carolyn Hardy is all about finding new ways to grow the city.

Some Express Interest in Monuments Removed From City Parks

The private nonprofit that had the city’s two most visible Confederate monuments removed from city parks in December says it has fielded numerous offers to take the statues of Nathan Bedford Forrest, Jefferson Davis and a bust of Confederate Capt. Harvey Mathes in Memphis Park where the Davis statue stood.


Pushing The Plan

Church Health wants to grow ranks of covered Memphians

Before she signed on as Church Health’s medical director in 2015, Dr. Susan Nelson was a volunteer provider for the organization, helping bring health care to uninsured workers and businesses from musicians and landscapers to child care workers.

Study Finds Black Children More Likely To Die Post-Surgery Than White Children

A research team from the University of Tennessee Health Science Center and Le Bonheur Children’s Hospital has published a study that found black children are more than twice as likely to die after surgery than white children.


Corporate Park Nearly Ready to Break Ground

With the completion of 1-269 around the corner, dozens of acres of undeveloped land near Collierville have been primed for future development. Looking to capitalize on the increased access, Grace Development is planning Glen Farms Corporate Park, a sprawling new industrial park that straddles the border of Shelby and Fayette counties.

Lender Reclaims City’s Tallest Building, Lafayette’s Expanding

100 N. Main St., Memphis, TN 38103THM Memphis Acquisitions LLC effectively bought the 100 North Main Building, a 37-story office tower, at a foreclosure auction on the courthouse steps after the property failed to receive any bids. A substitute trustee’s deed for the $1 million transaction was recorded with the Register’s Office Thursday, Jan. 11.


Humane Society Names Davis 2018 Board President

Ted Davis has been named 2018 president of the board of directors for the Humane Society of Memphis and Shelby County. Davis, who is a wealth adviser for Regions Bank, joined the humane society board in December 2015. His first priority was a campaign inspiring adopters to become donors, which led him to being the Paw Prints Gala committee chair in 2017.


Council Reopens MLGW Rate Hike Consideration, Approves Term Limit Referendum

Memphis City Council members decided Tuesday, Jan. 23, to take a second look at the gas and electric rate-hike proposals they rejected two weeks ago, but put off any new votes on the matter until February.

Shelby County Joins Memphis in Landfill Moratorium

Shelby County commissioners approved a six-month moratorium on any new construction landfills in unincorporated Shelby County on Monday, Jan. 22.

Boyd Says Reprisals For Removal Of Monuments Possible

The city is bracing for some kind of backlash in the Tennessee Legislature for the December sale of two city parks to a private nonprofit and the removal of Confederate monuments in those parks.


Anti-Abortion ‘Heartbeat Bill’ Revived Despite Like-Minded Opposition

An East Tennessee lawmaker is trying breathe life into his “heartbeat bill” this session of the General Assembly despite an odd mix of opposition from pro-life forces and Democrats.

Parkinson’s Grade-Changing Bill Faces Opposition From Education Association

NASHVILLE – With a grade-changing scandal at Trezevant High rocking Shelby County Schools, Rep. Antonio Parkinson is pushing legislation designed to put a harsh “deterrent” on illicit transcript changes: criminal prosecution.


State Voters Have More to Fear Than Russian Meddling

About 30 years ago, my wife and I were hanging out with another couple and decided to make a big night of it. We’d go out for Mexican food and then rent a movie.


Strength at FedEx Stands Out Among Memphis’ Fortune 500 Companies

The reality confronting each of Memphis’ three publicly traded Fortune 500 companies is a little different as the year gets underway, with one of them the breakaway favorite in terms of investment and opportunity.


First Tennessee Parent Company Caps Busy Fourth Quarter and 2017

Investors and analysts who cover the Memphis-based publicly traded parent company of First Tennessee Bank had a lot of news to digest during the bank’s fourth quarter.


NBA Coaches Often ‘Interim’

Bickerstaff Discusses Challenges of Being Interim Coach

In one sense, maybe just about every NBA head coach not named Gregg Popovich should have the word “interim” in his job title. Certainly in Memphis the position of head coach is a lot closer to being an adjunct member of the faculty rather than a tenured professor.

Warlick Finally Finds The Right Team Chemistry

If the Tennessee Lady Vols make a run in the NCAA basketball tournament this year, Webb School girls basketball coach Shelley Collier will be cheering them on the whole way.

Tigers’ Parks and Brewton Works in Progress

At Eastern Florida State, guard Kareem Brewton Jr. had a lot of freedom last season. He used it to average 19.9 points per game and hand out 159 assists on his way to being named a First-Team All-American by the National Junior College Athletic Association.

New Titans Head Coach To Lean on Teamwork, Respect

Mike Vrabel admits he has much to learn about the ins and outs of being a head coach in the National Football League.


Rookie Recognizes It’s About More Than Recognition

First, you have to love the name of the event: the 2018 Rising Stars Challenge. And that the Memphis Grizzlies will be represented at the NBA All-Star weekend in Los Angeles.


Only Two

IT JUST TAKES TWO. “Dan,” Sen. Howard Baker chuckled, “see that person at the end of the dais? She’s run my office for years, been with me everywhere, heard and seen everything. That’s the first time I’ve seen her blush.”

Job Hopping and Your Retirement Plans

Ray’s Take: There was a time when you worked your entire career at one company and retired with a pension and a gold watch after 40 or so years of service. But, like so many things, that picture has changed over the years. Job hopping – once a red flag on your resume – is now the norm.

What Mentoring Taught Me

Right now, millions of American teenagers are struggling with their emotions and behavior. They’re at odds with their parents, guardians or peers. They feel like they have no one to talk to, no one that understands or listens to them. They feel angry, dejected and hopeless. Why am I bringing this to your attention? Because in a few short years, these at-risk teens will become adults.

Finding That Potential Within

Author William Purkey wrote that, “Human potential, though not always apparent, is there waiting to be discovered and invited forth.”

Newspapers Make Public Notice Work for Tennessee

Each year a few elected officials will sponsor a law or an ordinance to change the way the voters who elected them are notified about actions government wishes to take. 2018 will be no exception.

The Myth Of The Perfect Resume

I love resumes. They’re a very important part of your job search. They allow you to brand yourself. You can feature your past work experience. A resume allows you to highlight accomplishments, such as awards and education. It allows you to share who are you and who you want to be in a future career.

Top 10 2018 Marketing Trends, Part 2

Editor’s Note: This is the second in a two-part series. As a small or mid-sized company CEO, time is likely not a luxury with which you’re familiar. Staying abreast of evolving marketing technology can seem impossible in light of all of your competing priorities. That’s why this year’s top 10 marketing trends for the new year are tailor-made for companies of your size – strategies which can be practically applied in 2018 on a small to mid-sized company budget.

The Value Of Unstructured Free Time

I want to dedicate a column to the next generation. For me, this means addressing Uncle Leo and Ellery, my youngest son and grandson, respectively. May they have the space to explore in the vast treasures of childhood and lose sense of time while playing. There seems to be an unconscious conspiracy against people having free time to relax, create and simply enjoy life.

Volunteer Management: Key to Nonprofit Success

Editor’s note: Part three of a three-part series. What if you could get eight more hours out of the day? What if you could “clone” yourself five times over? These are unspoken dreams of many a nonprofit executive or college president. While they are unlikely to come true exactly as wished for, it is possible to achieve that magical result. Here’s how.

Campbell Clinic Approved for 8-Year Retention PILOT

Campbell Clinic has been awarded an eight-year retention PILOT (payment-in-lieu-of-tax) from the Germantown Industrial Board to help pave the way for its expansion plans, which include a new $30 million, 120,000-square-foot facility.

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PROPERTY SALES 92 158 13,600
MORTGAGES 89 165 15,731
BUILDING PERMITS 250 250 28,008
BANKRUPTCIES 54 121 8,771

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The Memphis News: Business, politics, and the public interest.