CORRECTION: This post has been updated to remove an incorrect reference to TeamHealth of Knoxville appearing on Fortune’s 2014 ‘Most Admired’ companies list. The 2014 list did not include companies in TeamHealth’s industry sector
For the seventh consecutive year, Apple is No. 1 overall on Fortune’s list of the Top 50 World’s Most Admired Companies, followed by Internet retailer Amazon.com and Internet search engine Google.
Rounding out the top five are investment guru Warren Buffett’s firm, Berkshire-Hathaway, and coffee giant Starbucks.
Tennessee’s only representative among the Top 50 is FedEx Corp. The Memphis-based package delivery company is No. 8 overall and No. 2 in the delivery industry, behind Germany’s Deutsche Post.
The Top 50 list and industry sector rankings are based on a survey of executives, directors, and analysts who rate companies in their industry on a variety of criteria, including investment value and social responsibility.
Click here for Fortune’s complete list of World’s Most Admired Companies.
The Amazon you love if you’re a consumer or hate if you’re a competing retailer won’t be the Amazon of the future.
According to Forbes contributor Michael Kanellos, Amazon eventually will focus on providing logistics and it’s biggest competitors “will be men in shorts: logistics companies like UPS and FedEx.”
Sound farfetched? Maybe. But Kanellos offers an interesting take on some recent Amazon moves.
“Amazon is at a crossroads. The company garners billions a year in revenue from selling e-books, household items and vacuuming up rising retailers like Zappos. Retailing, though, can be a difficult single-digit margin business,” Kanellos writes.
“Pull up! Pull up! You’re not going to make it. ….. Uh, you have exceeded the capacity of the landing gear.”
Those words crackled over my headphones some years back after I failed to safely land a cargo jet at the Louisville airport.
Fortunately, I was flying a UPS flight simulator and not a real jet. One of the perks of my job is that sometimes I’ve been allowed try fun stuff in pursuit of a story. I was reminded of my flight simulator mishap today when I read that FedEx planned to invest a bunch of money in its flight-training simulator operations in Memphis.
In response the Memphis-based company has unleased its PR machine in an effort to soften the blow
The company has posted an apology in a prominent spot on its website, Senior VP Matthew Thornton has a written and video apology on his blog, and the company has responded to numerous media requests for interviews.
The company is doing the right thing by responding quickly, but erasing the unfavorable video image from the public’s mind won’t be easy. One version of the YouTube video of the computer toss had been viewed nearly 758,000 times in less than two days. A Yahoo search of “FedEx delivery over fence” yielded 874,000 results.
Here’s an interesting take from Bloomberg on how Internet shoppers have given a boost to the rail freight business.
And that includes companies like FedExs and UPS, which are using railroads to ship goods long distances before putting them on trucks.
“Railroad intermodal units, the containers and trailers often used for retail goods that can move by rail, road and sea, rose 4.7 percent in the week ended Dec. 3, the Association of American Railroads said today. That growth rate may increase in coming weeks as shippers such as FedEx Corp. (FDX) and United Parcel Service Inc. (UPS) use railroads for delivery of online purchases,” Bloomberg reported.
Shipping giant FedEx Corp. is going small. Starting next week the Memphis-based company will hold a series of Tweet Chats on small business issues.
On three consecutive Thursdays, the Boost Your Small Business Tweet Chat series will feature small business experts discussing topics such as: how to recession proof your business, making advertising pay off and branding on a shoestring budget.
The first Tweet Chat is Thursday, Oct. 6 at 8 p.m. (Eastern time). Melinda Emerson, author of “Become Your Own Boss in 12 Months; A Month-by-Month Guide to a Business that Works., will provide advice on how to recession proof your small business.
To attend the chat on Twitter follow the #fedexsmallbiz hastag.