Jobs are still returning, slowly, since the pandemic shutdown back in March. While many small, local businesses are still recovering, one sector has fared much better than expected: shipping.
A year ago, Memphis based FedEx was worried that online behemoth Amazon would soon be a major shipping competitor. But as Ted Evanoff points out, FedEx is having a very big year. Because the pandemic has driven so much shopping online, FedEx has seen its stock price soar.
In addition, as a hub for international shipping, Memphis could become a future distribution point for COVID vaccines.