Memphis: Still home to three Fortune 500 companies

Memphis remains home to three Fortune 500 companies, based on the annual rankings that came out Monday morning.

The three companies are, in order, FedEx (#70), International Paper, (#111) and AutoZone (#320).

FedEx and AutoZone both moved up on the list since last year – FedEx, from #73 to #70, and AutoZone from #322 to #320. International Paper dropped a few spots, from #105 to #111.

The annual list ranks companies by gross revenue.

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