How the Largest Bus Company Hedges Its Fuel Costs

Article Abstract:

The Southern California Rapid Transit District (SCRTD) runs two thousand buses in four counties daily. Passenger use has increased by almost one-third million in the last two years. One and a half million people are estimated to use the service, which travels a total of about one hundred and eight million miles yearly. Fuel amounts to just under one-tenth of SCRTD's expenditures. SCRTD was the premiere transit operation to become interested in hedging heating oil futures. Diesel fuel bill uncertainty is a primary concern for transit operations. Since there is no futures market for diesel, heating oil contracts have garnered SCRTD's attention. In 1982, SCRTD realized that the two price movements were at greater variance than formerly thought. Their 1982 program made over a one-half million dollar profit.

Transportation industry, Hedging (Finance), Transportation

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TV Rental Company to Use Videotex System

Article Abstract:

Radio Rentals, Australian TV and video rental company, is installing a Bulletin videotex system. The system consists of a Thorntel terminal at each Rental outlet networked by telephone lines to a Thorn EMI ICL mainframe. Thorn EMI is preparing customized software for the new system. Applications include displaying customer's accounts, transmitting updated marketing information, electronic mail, and keeping inventory.

Computer Systems, Networks, Applications, Australia, Videotex, Radio Rentals, Bulletin Videotex System

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Moving the Company's HQ: All the Reasons Why

Article Abstract:

Three important considerations motivate companies to relocate their operations. Today technological advances are causing businesses to review their needs and adapt to new conditions. Location can give added benefits. Photos show the improvements in workplaces and design adaptations. Property consultants can help provide expertise to eliminate costly errors.

United Kingdom, Business, Industrial sites, Location, Property

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