Business

TNT Deal Raises FedEx Employment to Almost 400,000

In one fell swoop, FedEx Corp. ballooned to nearly 400,000 employees worldwide and close to $58 billion in annual revenues. The jewel of FedEx's acquisition of TNT Express last week is a European road network linking 40 countries, but the heart of FedEx remains in Memphis, Tennessee.

Wayne Risher | The Commercial Appeal (Memphis, Tenn.)
May 29, 2016
Business

Tennessee Cites FedEx for Fatal Accident, Proposes $4,000 Fine

State regulators propose to fine FedEx  Corp. $4,000 for a fatal workplace accident last Nov. 22 at the Memphis hub.

Wayne Risher | The Commercial Appeal (Memphis, Tenn.)
May 18, 2016
Business

FedEx-TNT Deal Clears Final Regulatory Hurdle

The biggest acquisition in FedEx Corp.'s 43-year history has cleared its final regulatory hurdle, after the deal received approval from Chinese officials, the parcel delivery company said.

Wayne Risher | The Commercial Appeal (Memphis, Tenn.)
May 2, 2016
Business

FedEx Plans Bond Offering in Euros for TNT Deal

FedEx Corp. will seek to finance part of its TNT Express acquisition with a debt offering in euros, its first non-U.S. bond issue.

Wayne Risher | The Commercial Appeal (Memphis, Tenn.)
April 5, 2016
Business

FedEx Debuts Cold Chain Center to Keep Shipments Chilled During Delays

FedEx Corp. unveiled its Cold Chain Center on March 29, designed to hold frozen, refrigerated and controlled room temperature shipments when they're delayed in transit through the hub.

Wayne Risher | The Commercial Appeal (Memphis, Tenn.)
March 30, 2016
Business

FedEx Delivers River Otter Pup

FedEx Corp. delivered a river otter pup named Oliver to the Downtown Aquarium in Denver last week after an overnight layover at the FedEx Express World Hub in Memphis.

Wayne Risher | The Commercial Appeal (Memphis, Tenn.)
March 28, 2016
Business

Teamsters Retirees Push Back Against Pension Cuts

The Central States Pension Fund, jointly overseen by the International Brotherhood of Teamsters and employers, is warning of insolvency by 2026 unless benefits are cut now. It has proposed to reduce pensions for about 115,500 retirees, slightly more than half of current retirees.

Wayne Risher | The Commercial Appeal (Memphis, Tenn.)
March 18, 2016
Business

Record Rainfall Slows Operations at FedEx Hub

FedEx Corp. warned customers of possible delivery delays on March 11 after record rainfall at Memphis International Airport affected the company's world hub.

Wayne Risher | The Commercial Appeal (Memphis, Tenn.)
March 14, 2016
Business

FedEx Says Amazon Air Freighter Lease Was Expected

FedEx Corp. officials weren't surprised by the March 9 confirmation that e-commerce giant Amazon has agreed to lease 20 air freighters and buy a stake in Air Transport Services.

Wayne Risher | The Commercial Appeal (Memphis, Tenn.)
March 10, 2016
Business

FedEx Adopts Bylaws Change Sought by Shareholders

FedEx Corp. directors on March 8 adopted a bylaws change sought by shareowners to make it easier to promote candidates for the board.

Wayne Risher | The Commercial Appeal (Memphis, Tenn.)
March 8, 2016