FedEx Opens Ill. Distribution Center With 200 Jobs
AP Updated 3:46PM Print | Front Page | Email this story
GRAYSLAKE, Ill. (AP) – FedEx Ground has opened a new distribution center in the Chicago suburbs that the company says will employ more than 200 full- and part-time workers. The state has promised the company half a million dollars in tax breaks and other incentives.
FedEx Ground said in a news release that it opened the 214,000 square-foot distribution center in Grayslake on Thursday. FedEx Ground is the small-package ground delivery arm of Memphis, Tenn.-based FedEx Corp.
FedEx Ground says the facility is one of five distribution centers it operates in the Chicago area. Company and state officials say the center could eventually employ more than 450 workers.
Illinois Department of Commerce and Economic Opportunity say the state has pledged $500,000 in tax breaks and job training funds contingent on job creation.
Friday, September 30, 2011
Thursday, September 29, 2011
FedEx Spends $2.8 Million Lobbying in 2nd Quarter
AP Updated 3:25PM Print | Front Page | Email this story
WASHINGTON (AP) –Memphis-based FedEx Corp. spent nearly $4.9 million lobbying the federal government in the second quarter on legislation that would have made it easier for its workers to unionize, among other issues, according to a disclosure report.
That's below the more than $7 million the world's second-largest package delivery company spent in the second quarter of 2010 but above the $3.9 million it spent in the first three months of the year. The company's larger rival, Atlanta-based United Parcel Service Inc., spent about $1.1 million on lobbying in the second quarter.
In the second quarter, the company continued to lobby Congress on the FAA reauthorization bill, which will speed up replacement of radar-based air traffic control with a more advanced satellite-based system.
FedEx had been vocal in its opposition to a small section of the bill that would move its employees to a new federal classification that would have made them easier to unionize. Congress has not yet come to an agreement on the bill. Now, only the shipper's pilots are unionized.
The company also lobbied on other legislation involving airport and airway funding.
Between April and June, FedEx lobbied Congress, the Department of Transportation and the Federal Aviation Administration, according to the report filed with the House clerk's office.
WASHINGTON (AP) –Memphis-based FedEx Corp. spent nearly $4.9 million lobbying the federal government in the second quarter on legislation that would have made it easier for its workers to unionize, among other issues, according to a disclosure report.
That's below the more than $7 million the world's second-largest package delivery company spent in the second quarter of 2010 but above the $3.9 million it spent in the first three months of the year. The company's larger rival, Atlanta-based United Parcel Service Inc., spent about $1.1 million on lobbying in the second quarter.
In the second quarter, the company continued to lobby Congress on the FAA reauthorization bill, which will speed up replacement of radar-based air traffic control with a more advanced satellite-based system.
FedEx had been vocal in its opposition to a small section of the bill that would move its employees to a new federal classification that would have made them easier to unionize. Congress has not yet come to an agreement on the bill. Now, only the shipper's pilots are unionized.
The company also lobbied on other legislation involving airport and airway funding.
Between April and June, FedEx lobbied Congress, the Department of Transportation and the Federal Aviation Administration, according to the report filed with the House clerk's office.
Wednesday, September 28, 2011
New Board Members of FedEx Shareholders
Martin, Ramo to FedEx Board as Hyde Retires Position
Brad Martin and Joshua Cooper Ramo are the newest directors on the board of FedEx Corp.
Each was elected to the board of the Memphis-based corporation this week at the annual shareholders’ meeting.
At the same meeting, shareholders approved executive pay plans including a $1.3 million base salary for company founder and CEO Fred Smith, not including equity-based compensation and bonuses.
Martin is chairman of RBM Venture Co., an investment company. He serves on the boards of Lululemon Athletica Inc., Dillard’s Inc. and First Horizon National Corp. Martin is also the founder of The Martin Institute, a nonprofit education reform foundation.
Ramo is vice chairman of Kissinger Associates, an advisory firm, and serves on the Starbucks Corp. board.
Martin and Ramo were elected to one-year terms as J.R. “Pitt” Hyde, the founder of AutoZone Inc., announced his retirement from the board. Hyde joined the FedEx board in 1977.
Brad Martin and Joshua Cooper Ramo are the newest directors on the board of FedEx Corp.
Each was elected to the board of the Memphis-based corporation this week at the annual shareholders’ meeting.
At the same meeting, shareholders approved executive pay plans including a $1.3 million base salary for company founder and CEO Fred Smith, not including equity-based compensation and bonuses.
Martin is chairman of RBM Venture Co., an investment company. He serves on the boards of Lululemon Athletica Inc., Dillard’s Inc. and First Horizon National Corp. Martin is also the founder of The Martin Institute, a nonprofit education reform foundation.
Ramo is vice chairman of Kissinger Associates, an advisory firm, and serves on the Starbucks Corp. board.
Martin and Ramo were elected to one-year terms as J.R. “Pitt” Hyde, the founder of AutoZone Inc., announced his retirement from the board. Hyde joined the FedEx board in 1977.
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