Memphis

Portrait for @ericof
by @ericof
2021-03-21T16:00:02+00:00
Business • Markets
Home deliveries boost FedEx's sales past $20 billion, profit nearly triples
FedEx Truck
FedEx Truck Credit: Dano (Creative Commons Attribution 2.0)

FedEx shares have more than doubled in price since the pandemic forced government officials to shutter businesses and issue stay-at-home orders. The revenue for the quarter ended Feb. 28 grew 23% to $21.5 billion, boosted by a half-billion holiday package deliveries and COVID-19 vaccines shipments.

Average daily package volume for FedEx Ground, which counts Walmart among its top e-commerce shipping partners, jumped 25% to 13.2 million during the quarter.

The results came even as severe winter weather in February disrupted service at important facilities in Memphis, Indianapolis and North Texas and reduced quarterly operating income by about $350 million.

Portrait for @ash
by @ash
2020-05-07T18:52:58+00:00
Business • Economy
Nike to donate 140,000 pieces of footwear and equipment globally to health care workers
An Oregon Heath & Science University (OHSU) nurse wears a version of the Air Zoom Pulse in a colorway created by OHSU Doernbecher patient Sawyer Miller.
An Oregon Heath & Science University (OHSU) nurse wears a version of the Air Zoom Pulse in a colorway created by OHSU Doernbecher patient Sawyer Miller. Credit: NIKE

Nike, in partnership with Good360 and Nike athletes, will donate 140,000 "pieces of footwear, apparel and equipment globally" to health care workers combating Covid-19.

30,000 pairs of Nike Air Zoom Pulse, a sneaker designed for 'healthcare athletes', will go to hospitals and health care staff in Chicago, Los Angeles, Memphis and New York City.