'UPS'에 해당되는 글 4건

  1. 2008.12.01 Where Venture Capital Is Still Flowing by CEOinIRVINE
  2. 2008.11.28 UPS to cancel Decatur Airport stop in February by CEOinIRVINE
  3. 2008.11.09 UPS Takes the Lead on Hydraulic Hybrids by CEOinIRVINE
  4. 2008.10.18 UPS to raising rates by 5.9 percent on average by CEOinIRVINE

Exits are few, but promising start-ups are still getting funded. Check out these hot spots of activity.

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A ray of hope in the hard-knocks economy: Despite few foreseeable exits, early stage investors are still making bets in a handful of promising, high-growth sectors.

In fact, venture capitalists have put only slightly fewer dollars at stake as they did this same time last year, before the financial crisis had gained any traction. In the three quarters ended Sept. 30, venture-capital investment was down just 4%, to $22.3 billion, versus the same period in 2007, according to VentureOne, an industry tracker.
Compare that to the relatively comatose market for initial public offerings, which tends to offer the juiciest exits for VC funds. Measured in dollar terms, the 50 IPOs in the first three quarters raised just $30.5 billion, compared with the 261 deals that yielded $60.5 billion in the first three quarters of last year. Only eight companies went public in the last three months, raising a mere $1 billion.

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Posted by CEOinIRVINE
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United Parcel Service Inc. is canceling a twice-daily air stop in the central Illinois city of Decatur.

Atlanta-based UPS, the world's largest package delivery company, announced the decision Wednesday. A UPS plane, a Boeing 757, has loaded and unloaded cargo at the Decatur Airport on its way from Louisville, Kentucky, to Rockford. The stops will end in early February.

Bill Clevenger is executive director of the Decatur Park District, which runs the airport. He says the news is a blow to the airport and the community.

UPS spokesman Mike Mangeot says the decision results from the uncertain and declining global economy.

UPS employs about 300 people in the Decatur area. Fourteen affected workers will be offered other UPS jobs.

Posted by CEOinIRVINE
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http://images.businessweek.com/story/08/600/1106_ups.jpg

Getty Images

Next year, the United Parcel Service (UPS) will deploy on U.S. streets a new model of its signature boxy brown truck. At first glance, it'll look no different than any of the company's 93,000 other delivery trucks. Inside the hulking chassis, however, will sit a hybrid technology that uses a hydraulic system in concert with a diesel engine to power the vehicle. The Environmental Protection Agency has received numerous patents on the system since 2000.

Of seven test trucks, UPS will launch the first two in Minneapolis during the first quarter of 2009. They will join UPS's 1,600-truck "green fleet," which includes electric hybrids and natural gas trucks. For a company that uses nearly 1.5 million gallons of fuel each day in the U.S. alone, energy-saving technologies are welcome. "I think we're going to be able to help the environment, but certainly it's going to be a good business decision, too," says Robert Hall, UPS's vice-president for automotive.

Scientists say the technology can cut carbon dioxide emissions by 30% and increase fuel efficiency by 50%. If they're deemed a financial success, the hydraulic components and the trucks could go into mass production by their respective manufacturers, Eaton (ETN) and Navistar (NAV), by 2011. The EPA estimates that the trucks, if mass-produced, will cost $7,000 more than the $40,000 to $50,000 UPS spends for one of its traditional diesel models. With diesel fuel now averaging $3.09 per gallon, the hydraulic model is expected to cover its higher up-front cost in three years.

Assisting the Diesel Truck Engine

Similar to electric hybrids, hydraulic hybrids draw energy from braking, but are twice as efficient collecting that energy because the braking energy is not wasted by being passed into an electric motor. Instead, this energy is used to power a pump, which transports hydraulic fluid from a low-pressure reservoir to a high-pressure accumulator. As more fluid passes into the accumulator, the pressure grows, eventually being released as energy that is used to directly power the rear wheels. The hydraulic system replaces the driveshaft and traditional transmission.

This allows the vehicle to move from a stop without taxing the diesel engine, which typically performs poorly while accelerating. Diesel engines are most effective when running at a steady rate, and lose a tremendous amount of efficiency when accelerating; the hydraulic system compensates for this weakness, and lets the diesel engine do its work once it's up to speed. This is especially important for UPS trucks that stop more than 70 times per day for deliveries and operate mainly in stop-and-go city traffic, where the hydraulic system can carry most of the burden.

In some respects, the technology represents the sort of government-backed research into "green" technologies (BusinessWeek.com, 3/24/08) that President-elect Barack Obama has suggested could revitalize U.S. energy infrastructure and create as many as 4 million new jobs. Research arrangements like the one between the EPA and Corporate America could be a precursor to significant future government investment into energy technologies during the Obama Administration. "Public-private partnerships have proven to be a more effective way for America to move more quickly to fossil-fuel independence," says UPS Chief Operating Officer David Abney.


Posted by CEOinIRVINE
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NEW YORK -

United Parcel Service Inc. on Friday announced a general rate increase of 5.9 percent for 2009.

UPS (nyse: UPS - news - people ), the world's largest package delivery company will raise ground shipment rates by an average of 5.9 percent and increase rates on air express and international shipments bound from the U.S. by an average of 4.9 percent.

The rate hikes take effect Jan. 5.

Last month FedEx (nyse: FDX - news - people ) said it will raise rates for its Express unit by an average of 6.9 percent for U.S. and U.S. export services, beginning on Jan. 5. The company said the rate hike will be partially offset by a 2 percent reduction in the fuel surcharge.

Shares of UPS fell $1.10, or 2.1 percent, to close at $50.54. FedEx shares fell $3.69, or 5.6 percent, to close at $62.55.

Posted by CEOinIRVINE
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