Johnson & Johnson is outsourcing its Memphis distribution center operation to FedEx unit Genco and says a vast majority of workers will continue to work there.
February 10, 2016Business
FedEx Ups Game in Charitable Giving
FedEx Corp. rolled out a stronger charitable giving program, FedEx Cares, which will invest $200 million in more than 200 communities over five years.
February 8, 2016Business
FedEx, TNT Win Brazilian Approval for Merger
FedEx's $4.8 billion takeover of TNT Express has cleared another hurdle, winning unconditional approval from authorities in Brazil, the companies said Feb. 2.
February 2, 2016Business
FedEx Again Delivers Super Bowl Trophy
On Feb. 7, in a scene that most Americans have watched every winter, NFL Commissioner Roger Goodell will present the coveted Vince Lombardi Trophy to the owner and coach of the team that wins the Super Bowl in Santa Clara, California.
February 1, 2016Business
FedEx Announces New Buyback of 25 Million Shares
FedEx Corp.'s board authorized a new program to buy back up to 25 million shares of common stock, the package shipping company said Jan. 26.
January 27, 2016Business
University of Memphis, FedEx Tech Institute Launch Push Into Biologistics Research
The University of Memphis on Jan. 22 will launch the Biologistics Research Cluster, in which 16 faculty members will study the bioscience industry's transportation and logistics issues.
January 21, 2016Business
FedEx to Build Distribution Center in Baltimore
FedEx Ground will build a 300,000-square foot distribution center in Baltimore at the Tradepoint Atlantic transportation and manufacturing hub on the site of a former steel mill, the developer announced.
January 20, 2016Business
FedEx Plans 60,000-Square-Foot Ohio Distribution Center
The Allen County, Ohio, Port Authority has made a move it maintains will continue to make Lima an attractive place for FedEx Corp. to do business.
January 13, 2016Business
FedEx Threatens to Move Tennessee Technology Center if It Doesn't Get 20 More Years of Tax Breaks
FedEx is threatening to move its massive information technology center out of Collierville, Tennessee, if the town government doesn't give the company millions of dollars worth of additional tax breaks over 20 years.
January 5, 2016Business
Online Surge Raises Questions About Delivery Network
A 20% surge in online holiday shopping — much of it just days before Christmas — brought the retailing and shipping industries closer to a tipping point many experts think is inevitable.
January 4, 2016