Customers Now Have Greater Access to International Markets to Connect their Business Around the Globe
SYDNEY, Australia, Feb. 4, 2020 – FedEx Express (FedEx), a subsidiary of FedEx Corp (NYSE: FDX) and the world’s largest express transportation company, has enhanced its service in the Trans-Tasman lane to strengthen its customer offerings. FedEx customers will now have access to heavyweight cargo capacity and express, overnight delivery five times a week between Auckland and Sydney.
With over 864[1]million parcels shipped from Australia in 2018 alone, there is increasing demand from customers shipping between New Zealand and Australia. This enhanced FedEx Trans-Tasman service will help cater to Australasia’s rapid growth.
FedEx service enhancements will take place in two phases. From February, FedEx customers will benefit from transit time improvements and increased cargo capacity. Phase two will commence in April 2020 with availability of FedEx’s International Economy Distribution, delivery service of bulk shipments from one origin location to multiple addresses at competitive rates.
“We are proud to be launching these service enhancements across New Zealand and Australia which provides local customers great service and global connectivity on this key trade lane,” said Peter Langley, vice president, FedEx Express Australasia. “We are looking forward to building on our existing operational strength to create more possibilities for customers, and deliver a seamless customer experience,” Langley said.
Global customers and small and medium businesses in Australasia will benefit from FedEx’s direct connectivity to its New Zealand and Australian domestic networks and the FedEx Express global network. At the same time, this enhanced service will better connect FedEx New Zealand customers with more global possibilities including greater access to markets in Europe with the inclusion of 20 additional markets[2] for FedEx’s International Economy (IE) and International Economy Freight (IEF) services. IE is a day-definite, customs-cleared, door-to-door economy service for shipments up to 68kg per package. The IEF service has similar features however it covers all heavyweight freight shipments from 68kg to 1,000kg per package.
About FedEx Express
FedEx Express is the world's largest express transportation company, providing fast and reliable delivery to more than 220 countries and territories. FedEx Express uses a global air-and-ground network to speed delivery of time-sensitive shipments, by a definite time and date supported by a money-back guarantee[3].
About FedEx Corp.
FedEx Corp. (NYSE: FDX) provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services. With annual revenues of $69 billion, the company offers integrated business solutions through operating companies competing collectively and managed collaboratively, under the respected FedEx brand. Consistently ranked among the world's most admired and trusted employers, FedEx inspires its more than 490,000 team members globally to remain focused on safety, the highest ethical and professional standards and the needs of their customers and communities. To learn more about how FedEx connects people and possibilities around the world, please visit about.fedex.com.
1 https://www.pitneybowes.com/us/shipping-index.html
[2] Austria, Belgium, Czech Republic, Germany, Denmark, Spain, Finland, France, United Kingdom, Ireland, Italy, Luxembourg, Netherlands, Portugal, Sweden, Slovak Republic, Switzerland, Norway, Israel and Turkey
[3] Subject to relevant terms and conditions available on the applicable FedEx local website.
In a world first, Air New Zealand and NASA are working together to monitor climate change impacts, with the airline to collect unique environmental data during domestic flights.
Air New Zealand is set to be the first passenger airline in the world to join a NASA earth science mission, with one of its Q300 aircraft to be fitted with next-generation satellite receivers later this year.
Using GPS signals reflected from the earth’s surface, the Global Navigation Satellite System (GNSS) receiver unit will act as a scientific “black box” during flights, gathering data to better predict severe storms, as well as enabling new climate change research in New Zealand.
Air New Zealand Chief Operational Integrity and Standards Officer Captain David Morgan says with flight paths across Aotearoa, the Q300 is the perfect aircraft to pilot the mission.
“Our Q300s cruise around 16,000 feet – much closer to the land and sea than NASA’s satellites. Placing receivers on aircraft will enhance the resolution and quality of information, giving scientists an unprecedented view over our entire network, from Kerikeri to Invercargill. “As an airline, we’re already seeing the impact of climate change, with flights impacted by volatile weather and storms. Climate change is our biggest sustainability challenge so it’s incredible we can use our daily operations to enable this world-leading science.”
“Our Q300s cruise around 16,000 feet – much closer to the land and sea than NASA’s satellites. Placing receivers on aircraft will enhance the resolution and quality of information, giving scientists an unprecedented view over our entire network, from Kerikeri to Invercargill.
“As an airline, we’re already seeing the impact of climate change, with flights impacted by volatile weather and storms. Climate change is our biggest sustainability challenge so it’s incredible we can use our daily operations to enable this world-leading science.”
Data collected inflight will feed into NASA’s Cyclone Global Navigation Satellite System (CYGNSS). Dr Gail Skofronick-Jackson, NASA’s CYGNSS Program Scientist in the agency’s Earth Science Division, says with Air New Zealand on board there’s an opportunity to extend the mission and monitor the environmental signs of climate change.
“CYGNSS uses GPS signals, bounced off the ocean, to measure wind speeds and help scientists better predict cyclones and hurricanes. Over land, the technology can determine soil moisture levels, so it can also monitor climate change indicators such as drought, flooding and coastline erosion.
“This is a new approach to climate science and exciting terrain. The next-generation receivers Air New Zealand will fly have advanced features, new to CYGNSS, so we’re excited to test their capabilities and explore their potential for future space-borne missions.”
The project has been made possible through an agreement between NASA and the New Zealand Ministry of Business, Innovation and Employment (MBIE). MBIE’s General Manager of Science, Innovation and International Dr Peter Crabtree says the partnership aims to engage New Zealanders in a globally significant science mission.
“Through this partnership Air New Zealand’s world-class engineers and researchers across New Zealand will have the opportunity to work with NASA on a mission that will advance global understanding of the impacts of climate change.”
The University of Auckland will establish a Science Payload Operations Centre to receive and process data collected inflight. Project Lead, Professor Delwyn Moller, says the centre will manage what could ultimately be New Zealand’s largest source of environmental data.
“Local scientists will work with the NASA CYGNSS team to process these unique measurements into environmental data, opening up a range of research opportunities and potential uses, from flood risk-management to agriculture and resource planning. Though this collaboration, Kiwi scientists will be at the forefront of this emerging field.”
The receivers are being developed by the University of Michigan for NASA’s Earth Science Technology Office. Air New Zealand engineers will fit the first Q300 in late 2020 and if the approach is successful, the airline will explore introducing the technology more widely across the Q300 fleet.
Air New Zealand has 23 of the 50-seat Q300 turboprop aircraft in its fleet. The Q300 fleet operates to 19 domestic ports, with each aircraft flying around 50 services a week.
Charging ahead: Kiwi startup Invisible Urban takes $35m in US orders for its EV charging-as-a-service
While car companies and other organisations build networks of charging stations to accelerate the move to electric vehicles, a Kiwi company has won backing for its alternative approach.
Reported in New Zealand Herald Newspaper
NYC & Company, New York City’s official destination marketing organisation, and Auckland Tourism, Events & Economic Development (ATEED) today signed a first-ever official tourism agreement between the two cities.
The new two-year partnership will enable ATEED and NYC & Company to promote their respective destinations and focus on attracting visitation through an economical and collaborative exchange and includes reciprocal marketing and promotion over two years.
The new tourism partnership between New York City and Auckland comes as Air New Zealand prepares to launch a new non-stop service between Auckland and New York City, beginning in October 2020.
The agreement was formalised this afternoon at an industry ceremony at Ōrākei Marae in Auckland, New Zealand, with Associate Minister Hon. Peeni Henare, Auckland’s Mayor Phil Goff, ATEED Chief Executive Nick Hill, NYC & Company President and CEO Fred Dixon.
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Aquafortus’ US licensee has entered into a joint venture with Pilot Corporation, a Berkshire Hathaway backed company and the tenth largest private company in the US. In addition, Aquafortus has signed a second, Europe-based licensee.
Daryl Briggs, CEO and founder of Aquafortus Technologies comments,
“These developments represent significant milestones and reflect both the quality of and environmental potential for Aquafortus technology to improve how wastewater is processed on a global scale.”
“As a kiwi-start up founded only five years ago, and launched internationally last year, we are incredibly proud of this early stage momentum that has seen us partner with two well-capitalised licensees in the recognised and reputable markets of Europe and the U.S.”
PredictHQ's founders did not predict their giant Series B round would happen, but they're not complaining.
The Auckland-based software startup has just closed a US$22 million ($34m) raise, led by Sutter Hill Ventures, with participation from Lightspeed Venture Partners, Aspect Ventures, and Rampersand VC.
PredictHQ, a company that aggregates data sets from myriad events and public holidays to help companies forecast demand for their services, has raised $22 million in a series B round of funding led by Sutter Hill Ventures, with participation from Lightspeed Venture Partners, Aspect Ventures, and Rampersand VC.
The San Francisco-based startup taps myriad sources for data related to concerts, sports, public holidays, and more and then adds in proprietary and “hard to find” data. It throws all of this into a big melting pot, channels it into an API, and licenses it to companies like Uber, Domino’s, Quantas, and Booking.com.
So why is this data so useful? Well, it all comes down to predictive insights — knowing how much demand a service is likely to see. During a major music festival or sports event, for example, Uber often employs surge pricing, a mechanism to manage supply (and make more money) when demand is high. But surge pricing often kicks in with little to no warning, as the pricing mechanism simply reacts to a surge in demand. Knowing when to expect a spike in ride requests could help Uber alert drivers to be at a location at a certain time.
PredictHQ’s secret sauce is the way it combines data. For example, knowing there’s a rock concert on a specific date in San Diego is useful, but adding in the fact that the American Society of Hematology is holding an exposition in the same area on the same day might suggest an even greater demand for rides. Moreover, Uber could tap other independent data sources — including hyper local weather forecasts — to fill in the picture. If a torrential downpour is anticipated as the two major events are about to finish, for example, drivers can be standing by to cash in.
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The New Zealand Government and Wisk, an Urban Air Mobility (UAM) company, have announced a Memorandum of Understanding (MOU) to establish a passenger transport trial in Canterbury, New Zealand. Wisk’s self-flying, all-electric air taxi, called Cora, is the aircraft selected for the trials.
In October 2019, the New Zealand Government announced that it was establishing an industry-wide Airspace Integration Trial to work with leading, innovative domestic and international industry partners to safely test and demonstrate unmanned aircraft. Wisk, based in the United States and New Zealand, was announced as the first industry partner to join this program.
Wisk CEO, Gary Gysin, said: “We are delighted to now have a signed agreement with the New Zealand Government, which will propel Cora’s entry to the air taxi market. We see this agreement as a sign of confidence in our product and abilities to develop and deliver a safe and reliable air taxi service, starting in New Zealand. As the Minister of Research Science and Innovation Hon. Dr. Megan Woods said in her announcement:
“This trial is the first of its kind and Wisk’s innovative technology and commitment to New Zealand make them an ideal partner for advancing the future of travel in New Zealand and the world.”
“Wisk has been working with the Government and people of New Zealand since 2017, said Gary Gysin.
"We are excited about what this agreement and trial represents in our journey to bring safe everyday flight to everyone. New Zealand values innovation, excellence and technology that is safe for people and the environment. Being selected as the partner for this program is an honor and testament to our hard work and steady progress.”
Shuttlerock the mobile digital advertising firm has today announced a $7.5M funding round in the form of a convertible note. The participants in the note include Jasmine Holdings, GD1 and T Station. As part of the round Sam Morgan joins the Shuttlerock board. Sam is a very well known investor and has been involved in some of New Zealand’s most successful tech companies including Trademe, Xero and Vend. Chairman Paul Bingham said ‘
We’re delighted to welcome Sam to the board. He’s a very highly respected investor and has helped scale some of NZ’s best technology companies. It’s perfect timing with Shuttlerock ready for its next big leap forward’
Shuttlerock intends using the funds to bolster its global presence and is committed to growth in its core markets of North America and Europe as well as the APAC region. 2019 saw the company grow its team from 53 to 135 globally and in the past year it opened offices in Paris, Austin, Chicago and London, joining Los Angeles, New York, Berlin, Singapore and Tokyo. It’s also boosting its tech team primarily based in Nelson, New Zealand. CEO Jonny Hendriksen
‘We’ve worked hard to position Shuttlerock as a global leader in the mobile creative space and we’re poised for more growth in 2020. Mobile video channels continue to attract more eye balls and the challenge for advertisers to get it right has never been greater’
‘This latest round allows us to further invest in our unique platform and to grow our Nelson based tech team further. In addition we’re boosting our international market presence with additional resources in USA and Europe including a new office in London’
Source https://www.shuttlerock.com/
Dietary supplement firm NZ Fulvic announced today its first exports to USA.
In what is believed to be a first for the country, New Zealand exports of an organic soil nutrient discovered by accident in a Southland farm have launched into the US.
A deposit of fulvic acid covering one square kilometre and believed to be worth millions of dollars in processed form was discovered following oil and gas exploration surveys in the 1950s.
Deposits of this size are rare by international standards with only a few countries around the world able to extract fulvic acid for nutritional products.
Fulvic acid is a water-soluble material found in a part of soil called the humus. It is the result of a combination of several acids that are created when organic matter decomposes.
The refined humus is processed into a liquid and marketed as a dietary supplement designed to support immunity, nutrient absorption and natural energy levels.
An initial export order of more than 1.5 tonnes of the supplement has left New Zealand destined for the US market and will be sold through Amazon - believed to be the first time this nutrient has been sold into the North American market.
Pushpay Holdings will add about 4,000 church customers to its books with the US$87.5 million ($132.2m) acquisition of rival Church Community Builder, although co-founder Chris Heaslip signalled his departure next year.
Pushpay bought 100 per cent of the Colorado-based company's shares in an all-cash deal, and is bringing its founder Chris Fowler on to the NZX-listed company's board.
Church Community Builder head Don Harms will continue with the enlarged company, reporting to Pushpay chief executive Bruce Gordon, with the two companies maintaining their existing platforms with other software providers to ensure a continuation of service of their customers.
"This strategic partnership enables us to better serve our customers as we strive to be the number one partner to the US faith sector by providing a fully integrated church management system, custom community app and giving solution," Gordon said.
Pushpay had 7,905 customers at September 30, meaning the acquisition will boost its business by about 50 per cent.
The company said the deal won't have a material impact on earnings in the March 2020 year because of the work needed to integrate the products, but should lead to higher earnings in subsequent years.
Pushpay shares rose 2 per cent to $4.05, having been halted for much of the day pending the announcement. They have gained 26 per cent year to date.
Fowler also bought US$15m of shares from Pushpay director Heaslip at the market price of $3.50. Heaslip will resign from the Pushpay board on March 31, having left his executive role in May of this year.
Pushpay said it will fund the acquisition through existing cash and a US$62.5m debt facility.
Source: https://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=12293717
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