City Bikes Manufacturer Linus Bikes Comments on New York Citys New Bike Share Program

Bohemia, NY (PRWEB) August 16, 2012

On August 16, City Bikes Manufacturer Linus Bikes commented on the first New York City bike sharing program called Citi Bike. Citi Bike is poised to launch with 7,000 strategically located rentable bicycles across parts of New York, making this the largest program to date in the United States. Following a recent expansion of city bike lanes, the program is designed to be an alternate form of travel for the millions of city residents who make daily use of mass transit.

As detailed by the BBC, New York Citys Department of Transportation estimates that half of the daily commutes in the city are less than 2 miles. With an initial launch of 7000 bikes and 420 stations, Citi Bike is placing rental stations in areas with heavy foot traffic, like Grand Central Station. The program will initially be focused on lower Manhattan, Brooklyn, and Queens, with the city already planning a large expansion for 2013. The rental bikes are armored, high-tech velocipede drones; outfitted with GPS for trip tracking, front and rear lights that glow upon pedaling, heavy-duty tires and a thick frame.

Linus Bikes representative China Reevers comments, This is certainly one of the most ambitious bike sharing programs to date. New York has certainly done their homework, and introducing a fleet of bikes to the populace will hopefully add to the citys clean air initiative, promoting a healthier option for a daily commute. This combination of a greener planet and healthier living is what Linus Bikes is all about.

While the green movement continues to grow, cities are taking an increased interest in other transit options as other cities embrace bike sharing programs. Reevers adds, Doubts about the viability of bike sharing programs should diminish as these programs gain popularity and expand. If New Yorks Citi Bike program can prove to be successful, it should only pave the way for future bike sharing programs. Our bicycles arent only for commuting but they are to help encourage a healthy lifestyle.

Linus Bikes is a California-based bicycle manufacturer that specializes in creating vintage style city bikes and commuter bikes. Not simply a bicycle company, Linus Bikes sells a complete line of accessories for the environmentally conscious and for those who have a fondness for European style bicycles and the great tradition of European cycling.

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Kyriba Releases New Comments – Supply Chain Finance: Main Drivers of Treasury Involvement


New York, NY (PRWEB) July 27, 2012

Treasurers are playing a more important role in supply chain finance (SCF) and as a result are improving risk management procedures, while creating cash and working capital optimisation.

Treasurers have become more involved in supply chain finance (SCF), as part of a strategic shift in the treasury teams responsibilities within an organisation. The trend has largely arisen since the financial crisis of 2008 when risk management, including supplier and counterparty risk, became more of a priority for the C-level and boards of almost all organisations.

This changing role for treasury has coincided with the movement towards global trade on open account terms; that is without trade finance instruments. The Society for Worldwide Interbank Financial Telecommunication (SWIFT) reports that more than 80% of global trade is now done on open account terms, a percentage that appears to grow each time a new study is conducted.

This combination of factors increases the responsibilities placed on an organisation to support its business trading relationships and, where there is a financial component, the requirement for the treasurer to be involved. Depending on geographic region, treasury either is involved with or actually leads SCF programmes at least 50% of the time and this involvement is growing every year.

Treasurys involvement results from the increase in trade with suppliers worldwide which, in turn, means an increased demand for financial tools to support those trading relationships. Traditionally, those tools were trade finance instruments such as letters of credit (L/Cs) or business guarantees. While they continue to exist, especially where required by regulation in certain markets, open account trading necessitates a different set of financing arrangements that arent necessarily balance sheet items. As such, SCF is often the answer.

From a treasurers perspective, there are two primary reasons to be involved in SCF: