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    Showing posts with label Seattle. Show all posts
    Showing posts with label Seattle. Show all posts

    Wednesday, 3 August 2016

    ReachNow expands BMW car sharing to Portland

    Posted By: Uni logo - 14:28:00

    After launching in Seattle in April, BMW’s car sharing service ReachNow is expanding down the I-5 corridor to Portland, Oregon. In Seattle, more than 13,000 people signed up in the first month, and ReachNow was able to add 150 vehicles and expand its service area by late June. It’s likely the Portland expansion will follow the same plan, with a fleet of vehicles in the city center and expansion to farther-flung neighborhoods as demand increases.
    Portland is no stranger to car sharing. Daimler’s car2go has been operating its fleet of smart fortwos (some of which are plug-in electric vehicles) here since March 2012. And Zipcar has been offering a wide variety of vehicles in Portland, from hatchbacks to pickup trucks, under various names since 1998. ReachNow has more kinds of cars than car2go but fewer than Zipcar, and they’re all from the BMW family: BMW 3 series, BMW i3 PHEVs and several Mini Cooper models.
    Currently, car2go has a membership of 45,000 in Portland and a fleet of 465 vehicles. In a phone interview, Portland’s car2go general manager Ken Hills said, “Portland is a great city for car share. There’s good density, and it’s a tech-savvy town with early adopters who are really receptive.” As for adding another service to the mix in a city of 630,000 residents, Hills said, “Having a competitor will also increase awareness and options. Flexibility is a good thing, and the more awareness, the better.”
    Portland is the second official city ReachNow will serve, but the pilot project in the United States was in the San Francisco area. (The service is known as DriveNow in Europe). In a phone conversation earlier this summer, ReachNow CEO Steve Banfield noted that San Francisco does not support free-floating car sharing, like ReachNow and car2go, where users can pick up a nearby car and drop it off wherever they like, as long as it’s in the service area. San Francisco does support station-based car sharing, like Zipcar, where you pick up and drop off vehicles at fixed locations. This, plus the challenge of just parking in San Francisco, made Seattle — and now Portland — a better fit for ReachNow.
    In a more recent phone interview after the Portland announcement, Banfield noted that Portland’s city government is supportive of car sharing, having already welcomed car2go and Zipcar. And with a population already aware of car sharing, Portland “ticks a lot of boxes in its own right,” he said.
    Banfield pointed out that car sharing is only the tip of ReachNow’s service iceberg. “We said in April that we would expand service and features as well as expand across North America.” And we can expect to see some of those new services later this fall, according to Banfield. “We’re telegraphing every punch we’re taking,” he said. “We’re trying to move really, really fast.”
    There’s no official word on when Portlanders will be able to actually use ReachNow, though it seemed from our conversation like it would happen within a matter of weeks, not months. In the meantime, Portlanders (and everyone else in the country) can sign up in advance of ReachNow reaching their city for free.

    Friday, 29 July 2016

    Amazon shatters earnings expectations

    Posted By: Uni logo - 07:50:00

    Amazon shattered expectations when it reported second quarter earnings after the bell on Thursday. Adjusted earnings per share came in at $1.78, when Wall Street was forecasting $1.11. Amazon also beat revenue predictions, posting $30.4 billion for the quarter when analysts were expecting $29.55 billion. Shares ticked up 2 percent in after-hours trading.
    The company saw a significant increase in sales and profit from the same period last year. Net sales were up 31 percent and net income was $857 million, a large jump from last year’s $92 million. Amazon also spent many years unprofitable, while it invested in growth.
    In a statement, CEO Jeff Bezos touted the early success of their Indian business. “The team in India is inventing at a torrid pace, and we’re very grateful to our Indian customers for their welcoming response.”
    The company announced that it expects its revenue for the third quarter to be between $31 billion and $33.5 billion. Operating income had a wide range, forecasting somewhere between $50 and $650 million.
    Amazon tends to make a lot of experimental bets. They’ve had early traction with their Alexa voice-activated personal assistant device. And they have also built up momentum in their Amazon Web Services division, providing storage and cloud services for many large businesses.
    AWS has seen significant growth. The group accounted for $2.9 billion of Amazon’s quarterly revenue, up from $1.8 billion in the same period last year.
    The company has built up a robust Prime business, where users pay annual subscriptions to get faster shipping and access to content like movies and music. Notably, Amazon created its own discount holiday last year called Prime Day. The sales day generatedsignificant traction this year and will be included in next quarter’s earnings.
    The earnings release referenced this year’s Prime Day, calling it “the biggest day ever for Amazon.” They said that worldwide orders grew by more than 60 percent when compared to last year’s inaugural day.
    Amazon also touted the success of its Fire TV media player, its latest Kindle e-book reader, and its Amazon Dash buttons.
    Other Amazon experiments have missed the mark, however. They did not find success with their Fire Phone and the company recently shut down their Gilt Groupe competitor, MyHabit.
    Going forward, the company is betting that drone deliveries will cut down on costs and improve efficiency. Amazon is also expanding its grocery business.
    The stock is up 43 percent in the past year. The company has a market cap of $355 billion.

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