Memphis-based FedEx plans to handle 22 million packages on its busiest day this year, according to an announcement made by the company.
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The Memphis-based shipping giant says it made $361 million in the third quarter—down 31 percent from a year ago. Executives blame the latest drop on weak demand for international express shipments.
A noted conservative economist casually told state lawmakers this week that FedEx CEO Fred Smith had said he would leave the state if Tennessee’s estate tax wasn’t repealed. Smith denies making any such statement.
A dozen representatives of the state’s largest employers today urged state lawmakers to turn down an attempt to let employees carry guns on company property – even if the weapons are locked in car trunks.
Some of Tennessee’s largest businesses are distancing themselves from a law signed into effect by Governor Bill Haslam yesterday.