Top News & Analysis Tennessee

  • CHICAGO, Sept 20- Package delivery company FedEx Corp said on Tuesday quarterly profit rose more than expected on stronger revenue in its express, ground and freight business units, lifting its stock by almost 3 percent. Excluding TNT integration costs, FedEx said it expected full-year fiscal 2017 earnings of $11.85 to $13.35 per share. Memphis- based FedEx...

  • CHICAGO, Sept 20- Package delivery company FedEx Corp said on Tuesday its quarterly profit rose more than expected on stronger revenue in its express, ground and freight business units, lifting its stock by 2.7 percent. Excluding the costs associated with integrating TNT, FedEx said it expected full-year fiscal 2017 earnings of $11.85 to $13.35 per share.

  • CHICAGO, Sept 20- Package delivery company FedEx Corp said on Tuesday its quarterly profit rose more than expected on stronger revenue in its express, ground and freight business units, lifting its stock by 1 percent. The Memphis- based company posted net income for its fiscal first quarter ended Aug. 31 of $715 million or $2.65 per share, compared with $692 million...

  • DALLAS— FedEx is raising prices, boosting earnings and making plans for handling the crush of holiday packages. Over the summer, FedEx earned $715 million in the latest quarter, up 3 percent from the year before. The results were helped by higher base prices on FedEx express and ground services and higher volume in the ground-shipping business.

  • CHICAGO, Sept 20- Package delivery company FedEx Corp on Tuesday reported a higher net profit, driven by rising revenue in its express, ground and freight business units. The Memphis- based company posted net income for its fiscal first quarter ended Aug. 31 of $715 million or $2.65 per share, compared with $692 million or $2.42 per share a year earlier.

  • WASHINGTON— The Latest on the testimony of Wells Fargo's CEO before the Senate Banking Committee:. Regulators fined San Francisco- based Wells Fargo $185 million earlier this month, saying employees had opened the millions of accounts to meet aggressive sales targets. The Massachusetts Democrat, one of the fiercest critics of Wall Street, challenged John...

  • ATLANTA— The Latest on the rupture of the Colonial Pipeline in Alabama:. The auto club AAA reports that gas prices continue to climb in several southern states after a pipeline leak in Alabama slowed the flow of fuel across the South. AAA reports that in Georgia, Tuesday's average price for regular gas rose about 5 cents since Monday, to an average $2.36 statewide— up...

  • ATLANTA— Gasoline should begin flowing again Wednesday— through a temporary bypass on a critical pipeline— after a major leak in Alabama forced a shutdown that led to surging fuel prices and scattered gas shortages across the South, a company official said Tuesday. The roughly 500- foot section of pipe serving as the bypass is now complete, but supply...

  • The owners and four officials of a company that abandoned 7,800 tons of potentially explosive artillery propellant in northwest Louisiana have pleaded not guilty to federal charges. The owners are David Perry Fincher of Burns, Tennessee, and David Alan Smith of Winchester, Kentucky. The officials, all from northwest Louisiana, are William Terry Wright of...

  • Retail gasoline prices in Georgia, one of the hardest hit states, jumped nearly 6 cents overnight to Monday, or more than 20 cents higher than a week ago, to $2.316 a gallon on average, according to motorists' advocacy group AAA. Richard Parks, 32, an electrician in Atlanta, said he saw the price of regular gas jump at a Shell Station in East Atlanta to $2.69 on Monday from...

  • The partial shutdown of the damaged Line 1, which carries about 1.3 million barrels per day of gasoline from the refining hub on the Gulf Coast to the East Coast, also roiled the markets. Retail gasoline prices in Georgia, one of the hardest hit states, jumped nearly 6 cents overnight to Monday, or more than 20 cents higher than a week ago, to $2.316 a gallon on average,...

  • A bag covers a pump handle at a gas station that has no fuel to sell Saturday, Sept. 17, 2016, in Nashville, Tenn. Fuel supplies in at least five states are threatened by a gasoline pipeline spill in Alabama.

    Lines at service stations in the Southeast return after a shortage of gasoline following a pipeline leak in Alabama.

  • A QuikTrip spokesman says 21 of the 37 stores in the Charlotte, North Carolina area were out of unleaded gas Monday afternoon. Chuck Barton said that in metro Atlanta, more than 60 of the 131 QuikTrip stores were also out of unleaded gas Monday afternoon. Gas shortages across the South are blamed on a pipeline rupture near Helena, Alabama.

  • The trial date for the Explo Systems Inc. owners and executives will be set at a status conference scheduled Dec. 13, KSLA-TV reported. The owners are David Perry Fincher of Burns, Tennessee, and David Alan Smith of Winchester, Kentucky. The officials, all from northwest Louisiana, are William Terry Wright of Bossier City, Charles Ferris Callihan of Shreveport, and...

  • The shortage is blamed on a pipeline rupture and leak of at least 252,000 gallons of gas in Alabama. Colonial Pipeline said supplies have either been delivered or are on their way to locations in Alabama, Georgia, Tennessee, South Carolina, and North Carolina. Alpharetta, Georgia- based Colonial has acknowledged that between 252,000 gallons and 336,000 gallons...

  • ATLANTA— The governor of Georgia said Sunday his office hasn't received any complaints of gas shortages within the state after a pipeline spill in central Alabama, but some gas station employees have said they've had to close because they're out. Nathan Deal's spokeswoman Jen Ryan said in a statement Sunday. Fuel supplies in at least five states— Alabama,...

  • ATLANTA— The governor of Georgia said Sunday his office hasn't received any complaints of gas shortages within the state after a pipeline spill in central Alabama but some gas station employees have said they've had to close because they're out. Nathan Deal's spokeswoman Jen Ryan said in a statement Sunday. Fuel supplies in at least five states— Alabama,...

  • Colonial shut its main gasoline and distillate lines that run from the Gulf Coast to the East Coast on Sept. 9 after a leak was discovered in Shelby County, Alabama. Meanwhile, retail prices continued to spike on Saturday, according to motorists' advocacy group AAA, and states, including Tennessee and North Carolina, joined others in temporarily waiving rules...

  • ATLANTA— Lines formed at gas stations across the South on Saturday and drivers who were able to find fuel had to pay more for it in some cases, as prices edged up following a pipeline spill in Alabama. Fuel supplies in at least five states— Alabama, Georgia, Tennessee and the Carolinas— were threatened by the spill, and the U.S. Department of Transportation ordered the...

  • Colonial, the largest U.S. refined products pipeline system, last Friday shut its main gasoline and distillate lines that run from the Gulf Coast refining hub to the East Coast, after the leak was discovered in Shelby County, Alabama. Greg Robinson, the head of Alabama's Emergency Management Agency, said on Friday Colonial told him it hoped to get the pipeline up...