Flight Centre, the world’s largest travel agency and ASX-listed company, purchased 25% of The Upside Travel Company. The company did not disclose how much they paid, but Flight Centre is now the largest single shareholder of Upside.
Flight Centre anticipates that Upside’s unique tech platform will add value to its Corporate Traveler brand. They look forward to using Upside to target customers in North, Central and South America immediately, and move on to customers in the UK at a somewhat later date.
“Upside … has the potential to disrupt traditional offerings in the [small and medium-sized enterprise] sector in the future,” said Graham Turner, Flight Centre managing director.
Dean Smith, Flight Center’s president, said the company would gain an edge over its competitors from Upside’s “cutting edge artificial intelligence” technology.
“Its use of machine-learning models to dynamically price business travel packages in real-time to save clients’ money while increasing traveler options is just one example of Upside’s best in class technology,” he said.
Flight Centre’s stock gained two percent after the announcement, trading at $44.07 in the afternoon.
Some recent moves made my Harley-Davidson points in the direction of the company’s embrace of electric vehicles of the two-wheel variety. LiveWire and some other concepts indicate the iconic motorcycle company wants a piece of where the future lies in electric transportation.
Included in the future is the growing consumer appetite for renting their transportation rather than owning. H-D vice-president of product portfolio, Marc McAllister spoke on CNN business about the e-bike rental platform. McAllister said that the fast-growing e-bike platform is more of a commodity market place and H-D is exploring how it could offer its brand to customers in this type of platform.
The thought of Harley-Davidson, so well-known as the bike of choice for serious bikers, is considering a life in the world of cute little electric scooters, is a bit mind-bending. But the company has faced enormous pressure over the past few years in what has become a frighteningly competitive market for big bikes.
So, it’s not so surprising that the company has plans to introduce a naked motorcycle, an adventure tourer, and even a small-cap bike for consumers in places like India. The company is now working on launching a full-electric ecosystem for its LiveWire. It is likely that entrance into the e-scooter space will bring more riders to the bond with Harley.
Clean transportation provides a solution to the challenges of air pollution and unhealthy vehicular emissions. It’s a cause that many car companies are making a priority. David Michery, CEO of Mullen Technologies, a company that manufactures and distributes eco-friendly cars, is a leader in the field of clean transportation.
“The congestion and pollution we have been experiencing have been issues across the globe, it is not our problem only,” says David Michery. “We have therefore prioritized studying innovation overseas in order to develop high quality and efficient solutions.” Cutting-edge, holistic solutions to the clean air crisis include manufacturing electric vehicles that use state of the art battery and energy technologies.
Although many consumers feel strongly about clean transportation, they find themselves bound by their budgets: many electric vehicles cost an upwards of 100,000 dollars. Electric vehicles tend to be luxury cars; driving an electric car is often viewed as a status symbol, reserved for the wealthy.
David Michery recognizes this reality and is pioneering a novel concept: affordable, clean transportation. “We are uniquely focusing on clean tech at an affordable price,” says Michery. “Clean transportation is good for everyone and should not become a luxury.”
David Michery, with his strong background of success, is uniquely poised to champion the cause of clean transportation. After working in the music industry for 27 years and producing more than a dozen gold or platinum records, Michery now channels his energies into the cause of clean transportation.
As the affordability of electric vehicles increases, clean transportation can become a reality.
The White House’s Office of Science and Technology Policy announced that Google’s drone delivery service, Project Wing, will begin testing in the United States. The step is part of a White House initiative to encourage research into safety measures and other issues connected to unmanned flight.
Tuesday’s email announcement stated that the National Science Foundation has budgeted $35 million over five years on research into unmanned flight, while the Department of the Interior is planning on increasing its use of drones.
The White House is following up on the Federal Aviation Administration’s June finalization of introductory regulations controlling drone flight, especially creating guidelines for acquiring unmanned pilot licenses and rules for commercial unmanned flights.
“Honestly, the way I think about these issues, I don’t think about the problems,” said Dave Vos, the head of Project Wing. “I think about the solutions that we can bring to bear.”
Vos was speaking at a White House event promoting drone technology.
Norfolk Southern responded negatively to the almost $30 billion purchase, saying it did not think regulators would approve of the deal. Ownership of Norfolk would have expanded Canadian Pacific’s rail-reach to the East Coast, the Midwest and the South. Norfolk Southern is based out of Norfolk, Virginia.
Norfolk Southern Corporations stock price dipped almost 2 percent in trading before the opening bell on Monday. Canadian Pacific Shares were not affected by the announcement.