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Honking horns, crowded roundabouts and traffic jams could be the route to success for one of the island's oldest messenger, a company that is celebrating its re-launch next week with a new name, new look, logo and goal.
The Bahamas Postal Service has cut into the business of private couriers by as much as 15 to 20 percent over the last 12 months on the strength of an increasingly competitive express mail service — one leveraging the department's membership in a massive international cooperative and the improved efficiency it fosters.
When Bahamas Realty sales associate Monica Knowles receives information on a new property for sale, she uploads pictures, updates a Facebook status and sends out a tweet. It's a social media routine that has become natural for Knowles and the Bahamas Realty team who incorporate blogging, Facebook updating, Linked-in networking and Twitter as core parts of their business.
Prime Minister Hubert Ingraham expressed the thanks and appreciation of the government and people of the Bahamas for the work of Marina C Glinton, former director general of the Red Cross, who will be laid to rest today.
Small and Medium Sized Enterprise (SME) owners must carefully review all political parties’ platforms for the upcoming May 7, 2012 general election. SME owners must determine which political party best articulates strategies that will develop the SME sector, and grow and diversify the economy of The Bahamas.
The Bahamas sailing Association (BSA) have hosted their first Level 1 'Technical Course for Coaches', funded by Olympic Solidarity through the Bahamas Olympic Committee this week.
- Bakco Building, East Shirley Street (opposite Ebenezer Church)
- Nassau / Paradise Island, Bahamas
Bahamas Waste has made considerable strides in their bio-diesel department, Guardian Business can reveal, as the managing director predicts his entire fleet will be powered through this method by sometime next year.
If accomplished, the move could mean higher profits for shareholders and indeed spark a revolution for other industries depended on oil and gas.
"We're hoping that next year, every truck will be on bio-diesel and we will have balanced the economy of scale," Francisco de Cardenas told Guardian Business.
"This means higher profits for shareholders. We will know our costs and not have to buy oil and gas according to fluctuating prices worldwide."
The bio-diesel program, first conceived five years ago, has made an increasingly large impact on company operations, according to Cardenas.
With at least $1 million already invested in the project, approximately 20 Bahamas Waste trucks are currently running on varying degrees of bio-diesel. However, as the company continues to hone the production process, it has yet to make a substantial financial impact on revenue.
Frederick Donathan, a manager at the facility, agreed that the goal in the near future is to "flat-line" the company's fuel costs.
"Beyond Bahamas Waste, there are huge implications for the technology," he explained during a tour of the facility.
"For example, it could have an impact on the fishing industry and bring down the cost of food. At the moment, our problem is finding enough oil and telling companies about the importance of conservation."
The quality of the used cooking oil, which provides the basis of bio-diesel fuel, is also essential.
Research and development are progressing rapidly, the company reports, and more companies are coming on board as suppliers.
Lamar Cancino, a Bahamian chemist employed at Bahamas Waste, is one of the leading minds behind the development of effective bio-fuel.
He told Guardian Business the company has 25 major suppliers of cooking oil.
Atlantis and the Disney Cruise Line, he said, provide the most resources, along with a list of restaurants and fast-food stores. The establishments provide the cooking oil free of charge, as Bahamas Waste gets rid of the precious liquid for free.
Pointing to a delivery truck and a series of processing tanks, he explained the filtering system, purchased from a firm in the U.S., has adequate capacity -- capable of producing up to 1 million gallons every year.
The challenge is honing the process and expanding their infrastructure to include more storage facilities to house the bio-diesel.
"We tend to collect the oil on a weekly basis, sometimes [every] two weeks depending on the company's production," he said.
"The idea is we have to bring down the free fatty acids in the oil to between 0 and 2 percent. It's blended, heated and undergoes a chemical reaction."
With the technology there, Donathan felt the key was to source quality oil from as many suppliers as possible to meet the future demand. He pointed out that Bahamas Waste has some competition for the used cooking oil. Haitian ship owners, he said, are now in the habit of paying 1 cent per gallon for the oil.
"But I think a lot of companies are increasingly getting on board with what we are trying to do," he said. "They might end off being the end users of this product."
In the meantime, Cardenas said Bahamas Waste will continue pushing forward with the program with high hopes for the near future.
"We are taking a used product historically placed in the landfill," he added.
"As time goes on it will become a serious hedge to our fuel costs and the spill-off effects of that will be tremendous."