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New Mexico Gov. Susana Martinez and the region’s economic development leaders joined with company officials for a ribbon-cutting Aug. 23 at the 215,000-square-foot distribution center in Santa Teresa’s West Park.

Parcel delivery company FedEx Ground plans to unwrap a new $30 million distribution center next month in Chattanooga that’s expected to employ about 300 people.

FedEx founder Frederick Smith’s son Richard Smith is rising through the ranks at the Memphis-based company.

FedEx Corp. has filled a key leadership post, naming Mark Allen to succeed Christine Richards Oct. 1 as executive vice president, general counsel and secretary.

FedEx chief Frederick Smith’s annual letter to shareholders credits three I’s — investments, integration and innovation — for exceptional results in fiscal 2017 and the promise of even better future performance.

FedEx scheduled at least its fourth job fair of the year Aug. 12 to hire for 800 openings at its Memphis hub. The number of permanent, part-time jobs was the same as in June, down from 1,000 in April and up from 600 in January.

FedEx Corp. won't impose a surcharge on most residential deliveries this holiday season, the package delivery giant said.

FedEx Corp. will forgo most holiday surcharges on home deliveries this year, drawing a contrast with plans for stepped-up fees at UPS Inc. amid a surge in online shopping.

FedEx Corp. said information systems at its TNT delivery unit may not fully recover from a June cyberattack, reiterating that the incident will hit the company’s financial results.