Tag: USA

UPS Capital offers small businesses new global trade finance solution (U.S)

UPS Capital, the financial services arm of UPS, is offering a new service – UPS Capital Cargo FinanceSM – enables small U.S. importers to use their in-transit UPS shipments as collateral for loans, reducing the need to rely on paper-intensive letters of credit to finance international trade transactions.

UPS Capital Cargo Finance is designed for U.S. companies with annual revenues up to USD 50 million that import 1-to-10 ocean or air freight containers of goods per month.

Most global trade transactions for small companies are financed via letters of credit or cash in advance, with trading on open account terms typically available only to large companies. While effective, letters of credit are time-intensive and costly. Cash-in-advance transactions can strain cash flow for small companies. Additionally, traditional financial service companies may be hesitant to lend against goods that are in-transit or housed in a foreign location, leaving few options for small businesses that want to participate in global trade.

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U.S. Postal Service combines kiosks, digital screens

Margot A. Myers is the manager of retail in-store programs for the U.S. Postal Service.

The Postal Service made progress with the testing and deployment of large, complex communication networks. In 1996, we introduced Postal Vision, an employee communications network that now is integrated with our USPS-TV network. As an “early adopter” of digital signage, we began testing the impact of digital vs. static menu boards in retail lobbies in 1999.

And in 2003, we laid the groundwork for a test of digital signage that began in selected post offices in 2004 – The Post Office Channel. This third effort took advantage of the advances that had taken place in a growing medium including content delivery methods and the declining costs of technology.

One of our challenges is to improve the customer experience in more than 32,000 retail locations. Digital signage can have a positive impact on the retail environment in several ways. One opportunity is to increase the range of information available to customers while they are waiting to be served. The Post Office Channel features product and service messages to educate and inform retail customers. For example, one message compares the product features of overnight express mail and two-to-three-day priority mail. Another compares delivery confirmation to signature confirmation and shows which form to use depending on which service the customer chooses.

A second opportunity is to redirect customers and actually change customer behavior. Part of the long-standing tradition of how customers behave in our retail space is that many are totally focused on getting in the full-service queue and getting served as quickly as possible. That sounds reasonable.

But what if there are 10 people in line and all you need are some stamps? Can digital signage help change customer behavior and redirect them to the Automated Postal Center (APC), a fully automated kiosk that not only sells stamps but also allows customers to mail packages?

We focused on changing this customer behavior specifically by including a digital screen at the main entrance to each of the test sites. Nicknamed the “Stop and Turn” device, it is a 30-inch screen hung portrait fashion in a custom mount. The content on this screen is all very short (3-5 seconds), bright colors, and designed to catch the eye of customers as they walk into the post office. It’s also very direct in its messages. “Jump the line. Ship packages at the APC.” Or, “Get out of line. Buy stamps at vending.”

In addition to 2,500 APCs, the Postal Service offers 70,000 alternate access locations where customers can buy stamps or mail packages without ever setting foot in a Post Office. This includes supermarkets, drug stores, convenience stores, ATMs and a robust online commerce site at usps.com.

We established four key metrics for our digital signage test: revenue lift in products promoted on the screens, actual and perceived wait time in line, customer satisfaction and shift to alternate access. For the fourth metric, we defined success in three ways:
Re-direct traffic away from fill-service

Increase number of customers using self-service options (APCs and vending machines)
Increase awareness and usage of alternate access channels for purchasing stamps and other simple transactions.

The shift to alternate access channels was the most successful result in the test. The Post Office Channel had a positive impact on redirecting customers to in-store self-service options. Customers who saw the Stop and Turn screen were more likely to use vending (8.7% vs. 6.5%) and the APC (7.4% vs. 3.4%).

We also tracked revenue changes in the test sites as compared to alternate access locations within a five-mile radius. We measured customer awareness of the availability of alternate access locations before we installed the digital signage and again post-installation and found that awareness rose by 22 percent. Revenue from stamp sales decli

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USPS uses transportation modeling to reduce transportation costs

ILOG announced that the United States Postal Service (USPS) has realized over USD 5 million in annual savings through a strategic transportation management initiative. Developed by USPS and IBM using ILOG CPLEX(R) optimization software, the Highway Corridor Analytic Program (HCAP) uses advanced technology to analyze USPS highway transportation scenarios and identify cost saving opportunities. The HCAP model examines routing and scheduling options to minimize costs while meeting business goals – leading to a savings of over USD 10 million in the two years since the model was deployed in 2006.

The USPS transportation network is large and complex – including responsibility for shipping over 200 billion pieces of mail per year through a system of transportation networks – and accommodates many different levels of services to its customers. The USPS network must consider different classes of mail, including Priority, First Class, and Standard, as well as different types of mail, such as letters, flats, and parcels. These complexities of various mail sizes, weights, and classes, coupled with the large scale of the USPS network, create a challenging environment in which to plan and manage transportation.

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DHL new express service begins in the Caribbean and Bermuda

DHL launched its new express delivery, time definite service in five countries in the region: DHL Express 10:30 am for deliveries to the United States.

Caribbean customers can now enjoy the assurance and security of knowing delivery times while experiencing the added comforts of a money back guarantee, said DHL, one of the world’s leading express services and logistics companies.

The new morning express delivery service addresses the needs of customers that require time definite deliveries, giving them the option of when and at what time they wish their time-sensitive materials to arrive at their destination, DHL added.

This new offering is available to customers and companies that ship to key business centres in the United States from Bahamas, Bermuda, Cayman Islands, Dominican Republic, Haiti and Jamaica.

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FedEx scrapping four flights a week from Manchester to US

FedEx is cutting services from Manchester Airport just a year after its widely-publicised introduction.

Four direct flights a week between FedEx’s super hub in Memphis and Manchester on a wide-bodied Boeing MD 11 aircraft are to be scrapped and replaced with feeder flights to Stansted on a much smaller ATR 72 aircraft.

Last year, the company took out advertisements at poster sites and in the business press with the strapline “From the M66 to Route 66 by 10.30 next day”, but the changes to the service mean that businesses in Manchester will no longer benefit from next-day deliveries of larger freight goods to the US.

Services for smaller packages, under 68 kilos, will not be affected by the changes but some customers in the Manchester area may have earlier cut off times to deliver their packages to FedEx depots.

FedEx said none of its 84 employees in Greater Manchester would be losing their jobs as a result of the shake-up, but two workers at the airport were being relocated to the Manchester depot.

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