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VOL. 130 | NO. 209 | Tuesday, October 27, 2015

Daily Digest

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FedEx Prepares For Record Holiday Season

FedEx Corp. is getting ready for a record holiday season with 317 million expected shipments between Black Friday and Christmas Eve. The company’s forecast is a 12.4 increase in year-over-year seasonal volume.

FedEx expects to move more than double its average daily volume on Cyber Monday and the first two Mondays in December.

To prepare for the holiday rush, FedEx is adding 55,000 new positions throughout its network.

The shipping giant is investing $1.6 billion in FedEx Ground this fiscal year to improve capacity and automation.

For FedEx Express, the capital investments include adding 30 more reliable and efficient aircraft, adding enhanced vision systems to 250 aircraft to mitigate bad weather conditions and adding more than 7,000 new fuel-efficient vehicles.

FedEx Ground will run seven-day sort operations during the holiday season, and FedEx Express will expand operations based on customer needs.

The National Retail Federation expects FedEx’s sales to grow 3.7 percent, reaching $630.5 billion, between November and December. The NRF also expects e-commerce sales to rise between 6 and 8 percent, reaching $105 billion.

– Madeline Faber

Canale Brothers Named To Tenn. Sports Hall of Fame

The Tennessee Sports Hall of Fame has announced the names of 10 inductees plus a group of brothers to be enshrined at its 50th anniversary induction banquet next June at the Omni Nashville.

The hall chose the six Canale brothers from Memphis, all of whom played football in the Southeastern Conference. George, Frank and Whit played at the University of Tennessee while Justin, Billy and Conn played at Mississippi State. Ernest Gray, an All-America wide receiver from the University of Memphis and NFL star, also is in the 50th anniversary class.

Other honorees at the June 18 event include posthumous inductions for Tennessee Titans quarterback Steve McNair and Baylor golf coach King Oehmig. Additional inductees include Conrad Graham, a University of Tennessee All-America defensive back; Missy Kane, a University of Tennessee middle-distance runner and bronze-medal Olympian; Mike Taylor, UT-Martin football player and current SEC football official; Mike Curb, a legend in auto racing; Joe Biddle, longtime Nashville sports writer; and Lester McClain, the first African-American football player at Tennessee.

In addition, the Hall will recognize Milligan College legend and coach Duard Walker as the Lifetime Achievement Inductee.

The Sports Hall of Fame, which held its first induction banquet in 1966, has as its goal to enshrine successful teams and individuals who display sportsmanship, good character and success, creating a legacy for others to follow. The Tennessee Sports Hall of Fame Museum is housed the Bridgestone Arena in Nashville.

– Don Wade

Greenprint Summit Launches Nov. 16

The first biannual Greenprint Summit is set for Nov. 16 in the Germantown Great Hall in Germantown.

The public summit, happening from 3 p.m. to 6 p.m., will feature a collection of local organizations whose current projects support the Greenprint’s objectives to accelerate the Mid-South’s transition into a more livable, sustainable and connected region.

Greenprint 2015/2040 is a 25-year regional plan containing recommended actions for local governments, businesses, nonprofits and concerned citizens to improve the quality of life in the Mid-South. To date, 18 of 22 local jurisdictions have formally adopted the plan to use as a guide for creating better green spaces, improving the health and safety of local communities, protecting natural resources and promoting economic development.

Attendees of the summit will have a chance to meet with local groups such as the Shelby Farms Park Conservancy, Overton Park Conservancy and Clean Memphis, among others. Exhibitors will showcase new initiatives and projects such as the West Memphis EcoPark, the Harahan Bridge Project, the Explore Bike Share program and the Wolf River Greenway.

Visit midsouthgreenprint.org/Greenprint-Summit for a schedule of activities and the full list of exhibitors. The summit is free and open to the public.

– Andy Meek

Memphis’ Lynch Again Named AAC Offensive Player of Week

For the second consecutive week, University of Memphis junior quarterback Paxton Lynch has been named the American Athletic Conference’s Offensive Player of the Week.

Lynch passed for a career-high 447 yards on 32-of-44 passing in a 66-42 win at Tulsa last Friday night. He accounted for four touchdowns and this was his sixth straight 300-plus yard passing game.

Also, Lynch was recognized for a third time this season as one of the eight Manning Award “Stars of the Week.” Fans can vote for Lynch on The Manning Award Facebook page at facebook.com/allstatesugarbowl.

Memphis returns home this week to host Tulane on Saturday, Oct. 31, in another American Athletic Conference game. Kickoff will be at either 6:04 p.m. or 6:09 p.m., depending on the televised matchup prior to the Tigers’ game, and the game will be carried on CBS Sports Network.

Pregame festivities include Trick or Treat on Tiger Lane, which will run from 4 p.m. to 5 p.m. A costume contest will be held at 5 p.m. by the fountain on Tiger Lane, and the pre-game pep rally will begin at 5:15 p.m.

Season ticket mini-packs are on sale that include Saturday’s contest, the Nov. 7 game vs. Navy and senior day vs. SMU Nov. 28. Single-game tickets and mini-packs can be purchased at gotigersgotix.com.

– Don Wade

Alzheimer’s Caregivers Conference on Nov. 10

Bob DeMarco, founder of alzheimersreadingroom.com, will be the featured speaker at a conference for caregivers of Alzheimer’s patients on Nov. 10 at the Kroc Center, 800 East Parkway S.

DeMarco cared for his mother, who lived with Alzheimer’s for eight years. His Alzheimer’s Reading Room has become a valuable resource for caregivers.

The conference, titled “A Caregiver’s Journey: Past, Present and Future Caregivers,” is presented by the Aging Commission of the Mid-South and will run from 8:30 a.m. to 4 p.m. Home Instead Senior Care will provide free on-site care for loved ones.

The conference is free to family members who are acting as caregivers. The cost for professional caregivers is $50. Visit adsmemphis.org for more information and registration.

– Don Wade

Memphians Chosen For DRA Leadership Institute

The Delta Regional Authority has announced 52 fellows for its Delta Leadership Institute Executive Academy, and a couple of Memphis players made the list.

The yearlong leadership development program kicked off with an orientation session in Memphis. Over the course of the program, participants will attend six sessions in Washington, D.C., and across the region to train in workforce training and education; small business and entrepreneurship; public health; transportation and infrastructure; and culture and tourism.

Tennessee Gov. Bill Haslam nominated Jimmie Tucker, managing principal with Self-Tucker Architects, and Nichole Saulsberry-Scarboro, project manager with the Innovation Delivery Team, for the program.

– Madeline Faber

Bridgestone Buying Pep Boys For About $835 Million

Tire and auto service company Bridgestone Corp. is buying auto parts and repair company Pep Boys in for $835 million in a deal that will help Bridgestone gain a more dominant position.

The offer was for $15 per share in cash, a premium of almost 23.5 percent over Pep Boys’ closing price on Friday. The deal is expected to close in the beginning of 2016 and will add 800 locations to Bridgestone’s nationwide network of 2,200 tire and automotive service centers.

The deal comes months after Pep Boys-Manny, Moe & Jack’s president and CEO resigned as the speculation built over whether the company was considering a sale. Tokyo-based Bridgestone Corp. said the move will help accelerate its global growth strategy.

“Our shared expertise and commitment to our customers and employees will help us build an even stronger organization,” Gary Garfield, CEO and president of Bridgestone America, which is based in Nashville, Tenn., said in a statement.

Philadelphia-based Pep Boys had been reviewing options to help boost shareholder value since June. The current deal helps to achieve that goal, said CEO Scott Sider.

– The Associated Press

PROPERTY SALES 23 23 1,365
MORTGAGES 21 21 1,068
BUILDING PERMITS 117 117 3,173