Campaign to tame coronavirus in Memphis idles 80,000. When will all the jobs return? No one’s sure.
Refreshed after a cruise to Puerto Rico and Saint Lucia, Darin McDonald stepped off the passenger liner Norwegian Jewel fully expecting his family’s business in Memphis would perform in the spring as it had in the winter — near record sales.
Within two weeks of the February cruise, orders for sports banners, restaurant signs and highway billboards sagged for McDonald Outdoor Advertising and have never recovered, said McDonald, vice president of the firm, which manages about 70 Tunica casino district billboards. Nearly two-thirds of the dozen employees were idled, and the firm cast for new sales making acrylic sneeze guards.
“I’m not against buying a lawn mower if I have to find something else to do with my life,” McDonald laughed. “I just don’t know how long it’s going to take to come out of this.”Read more
Maines Paper idles 129 as coronavirus lockdown takes toll, pushing Memphis jobless rate over 11%
Greater Memphis’ jobs engine could pick up speed in the next few months, but for now, the coronavirus lockdown continues to batter the economy and push the region’s unemployment rate up to recession levels. Layoffs have now idled at least […]Read more
The odd face of Memphis 2020: Logistics firms hire, doctors scramble, people wait as coronavirus spreads
IMC Companies, a Memphis-based freight hauler, responded to the situation by changing how staffers work.
Office employees now alternate work between home and IMC headquarters, said Mason George, president of national accounts for IMC. The company runs 600 trucks and dispatches 2,000 drivers, including owner-operators who haul the ocean-going freight containers arriving at U.S. ports.Read more
Port Report: Sourcing shifts for U.S. imports boosting Southeast Ports
The trade war with China is forcing U.S. Shippers to look for new sources of low-cost consumer goods. Southeast seaports are benefitting from those switches as shippers opt for lower cost and more accessible gateways.
The value of China’s exports to the U.S. are down 12.3 percent through the first half of 2019 to $219 billion. The drop stems from President Donald Trump’s escalation of tariffs against China with another 10 percent tariff slated to take effect this coming September 1 and December 15 on $300 billion worth of imports coming from China.Read more