Mid-South News
3:30 pm
Tue September 18, 2012

Earnings Down At FedEx

FedEx Express couriers pull packages off a conveyor belt .

Income at Memphis-based shipping giant FedEx is down $5 million, about 1 percent less than last year. The first quarter of FedEx’s fiscal year ended August 31. The company announced earnings for that quarter during a phone call this morning and lowered its projections for the rest of the year.

To explain this, FedEx founder Fred Smith pointed to the FedEx Express division. Income at FedEx Express fell 28 percent.

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Mid-South News
2:42 pm
Mon August 13, 2012

FedEx Express To Offer Buyouts To U.S. Employees

FedEx Express took 24 airplanes out of the sky last year. Now the company hopes to cut down on the number of employees on its payroll by offering some staff voluntary buyouts.

Memphis-based shipping-giant FedEx is considered to be a bellwether of the global economy because it ships a cornucopia of goods all around the world. The voluntary buyouts for some FedEx Express employees are part of  larger cost-cutting efforts at the company.

In a story that is now legendary, FedEx founder Fred Smith argued for the need for reliable, overnight delivery in a term paper he wrote at Yale. Smith built his company, which raked in $42.7 billion last year, on that idea.

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Mid-South News
5:53 pm
Mon December 19, 2011

Busiest Time Of Year For Changing Shipping Industry

Owner Mark Weber behind the counter at The Mail Center.
Eleanor Boudreau

At The Mail Center on Madison Avenue, Mark Weber pours foam peanuts into a box of Christmas gifts. Weber is the only one working this Saturday. He’s also the owner. There’s a steady stream of customers, but Weber can handle it. He says years ago the shop was more frenetic.

“At various times we’d ship 400 or 500 boxes a day out of here,” Weber said. “And let me tell you—with six or seven employees running around—and peanuts everywhere—it was nuts! Pandemonium!”

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8:39 am
Wed October 26, 2011

WKNO: Among the Great Brand Names

One of the older WKNO logos.

I talk a lot about brand names. Because a great brand name makes everything easier. 

We have great brand names in Memphis.  FedEx, although the company originally didn’t want people saying FedEx, is a great brand. Federal gave the brand credibility in its earliest days.  Auto Zone, though not the original name, is a strong brand. Better, I think, than the original, Auto Shack.  LifeBlood’s a classic. 

A great brand name you’ve probably never given a thought about is WKNO. Think about it.  Public broadcasting in America has been a fact since the early Twentieth Century.

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