Tag: USA

UPS granted air rights to expand service to Japan

Posted by | Sep 13, 2007 | |

The U.S. Departments of State and Transportation today reached an agreement that will allow UPS and other air carriers to expand air operations to and from Japan.
The agreement provides UPS the authority to operate six daily flights between the U.S. and Nagoya, Japan, in addition to its daily service to Tokyo and Osaka. Nagoya, the fourth largest city in Japan, offers UPS significant opportunities to continue expanding its business in Asia. In addition, UPS will be able to connect these flights to its new air hub in Shanghai, China.
UPS has operated in Japan since 1987 and transitioned to a wholly owned international express delivery operation in 2004. The company’s operations cover 15 metropolitan areas, offering express delivery, customs brokerage and supply chain management services. UPS currently offers 47 weekly flights to and from Tokyo and Osaka.
Japan is one of the more than 40 countries and territories UPS serves in Asia. The company operates air hubs in Taipei, Hong Kong, Singapore and the Philippines and will formally open its hub in Shanghai in 2008.

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MoneyGram Will Expand Range of Payment Services With Acquisition of PropertyBridge

Posted by | Sep 13, 2007 | |

MoneyGram International, Inc. today announced it has reached an agreement to acquire PropertyBridge, Inc., a leading provider of electronic payment processing services for the real estate management industry. MoneyGram expects to complete the acquisition by the end of the year.

“PropertyBridge provides best-in-class rental payment solutions to some of the largest property management companies in the U.S.,” said Phil Milne, president and chief executive officer of MoneyGram. “It has developed a great system and a wonderful team to provide high value-added payment services to the multi-family housing industry. PropertyBridge is also a terrific strategic fit for us as we continue to build out and grow our bill payment business. We are very pleased that the management team and employees of PropertyBridge will remain with the company.”

PropertyBridge, which started in 2003 in Oakland, Calif., offers a complete solution to the resident payment cycle, including the ability to electronically accept deposits and rent payments, plus collect outstanding debt. Residents can pay rent online, by phone or in person and set up recurring payments.

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Velocity Express Expands National Network with Franchising Strategy

Posted by | Sep 12, 2007 | |

Velocity Express Corporation, the nation’s largest provider of time definite regional delivery solutions, unveiled plans to expand their already extensive national delivery network though franchising.

Chairman and CEO Vince Wasik announced the formation of the company’s new subsidiary Velocity Systems Franchising Corporation (VSFC). The new company will be responsible for developing franchise agreements with local and regional delivery companies in markets not currently served by Velocity Express.

“Through our franchise model, Velocity Express can offer our national customers increased geographic coverage and enhanced service offerings by partnering with the best, local and regional delivery companies in a specific market. In turn, by becoming a Velocity franchise operation, our franchisees will have access to opportunities created by our national account sales strategy, which they may not have had access too. This is truly a “home-run” for both of us.” Wasik stated.

Ted Stone the company’s CFO added, “Franchising will allow us to improve our gross margins by dramatically reducing the capital expenditures required to open new markets, while allowing us to expand our capabilities. As we migrate from our current agency relationships to franchise agreements we will also strengthen our financial performance.”

Wasik then announced that Drew Kronick, the company’s Executive Vice President of Business Development and Supply Chain Solutions, will serve as the President of VSFC. “I am very excited about where we are headed with our franchising initiative. This is a huge competitive advantage for us in the marketplace and will enhance our already strong value proposition to our customers. Unlike 3rd Party Logistics relationships, we will have a much closer bond with our franchisees, who will be certified in the procedures required by Velocity Express’s customers.” Kronick concluded.

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US marketers spending less on advertisements

Posted by | Sep 12, 2007 | |

Total advertising spend in the first half of 2007 went down 0.3 percent to USD 72.6 billion versus the same period in 2006, according to data released today by TNS Media Intelligence, a provider of advertising and marketing information.

Internet display advertising held tight to its growth leadership position with a 17.7 percent increase to USD 5.5 billion in ad-spend.

Consumer magazines experienced a 6.9 percent increase to USD 11.5 billion in advertising.

Outdoor advertising investments were up 3.6 percent to USD 1.9 billion and cable TV followed with a 2.8 percent increase to USD 8.3 billion.

Broadcast TV media continued to experience weakness in the second quarter and turned in significant half-year declines.

Network TV expenditures went down 3.6 percent to USD 11.8 billion, while ad spend on Spot TV dropped 5.4 percent to USD 7.3 billion. Syndication TV was down 5.3 percent to USD 2.00 billion.

Newspaper and radio plummeted during the second quarter. For the half-year period, ad spending in local newspapers plunged 5.7 percent to USD 11.1 billion on a reduction of 4.7 percent in space sold. Marketers lowered their radio advertising budgets by 2.7 percent, to a total of USD 5.1 billion.

Internet display advertising swelled to 7.6 percent of total expenditures, up from 6.4 percent a year ago. Magazines gained 0.9 share points and finished the period at 20 percent of ad spending. Newspapers lost one full share point and slipped to 17.8 percent of total expenditures. National television and local television each lost share but still accounted for a combined 43.6 percent of all expenditures.

In the first half of 2007, the top 10 advertisers spent a total of USD 9 billion, a decrease of 2.2 percent from last year.

Second quarter spending for this group was up slightly, bouncing back from a steep 5.1 percent decline during the first three months.

Financial Services maintained its top position with USD 4.5 billion in expenditures, up 3.5 percent. Higher spending from retail banks offset reductions by credit card brands.

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Union urging contract with UPS

Posted by | Sep 11, 2007 | |

United Parcel Service Inc., needs to finish contract talks by Oct. 1 to get an accord in place before U.S. pension laws change in 2008, the union’s lead negotiator said.

The Oct. 1 goal was disclosed by negotiator Ken Hall in a statement posted on the union’s Web site. Atlanta-based UPS and the Teamsters started bargaining in September 2006 to replace a six-year contract that can be amended starting Aug. 1, 2008.

The union is trying to beat the Jan. 1 effective date for federal legislation passed last year to shore up underfunded pension plans. The new law ”could affect members’ retirement security,” Hall said, without elaborating.

A quick agreement would help UPS, the world’s biggest package-delivery company, keep customers from diverting business to rival FedEx Corp. on concern about a possible strike, Hurd said. UPS employs 240,000 Teamsters members.

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