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Post Office to try same-day delivery

BY Brae Canlen

In a pilot now being conducted in San Francisco, the U.S. Postal Service is experimenting with a same-day delivery service of e-commerce packages. The project, called “Metro Post,” will begin on or about Dec. 12 in San Francisco and run for the next 12 months, according to John Friess, a public relations representative for the postal service.

If all goes well, the Post Office has selected more than two dozen cities that are large, densely populated metro areas that could support the Metro Post business model, according to Friess.

During the San Francisco test phase, consumers can place an online order with a participating retailer until 2 or 3 p.m. If they click “same-day delivery,” postal workers will then pick up the merchandise from nearby retail stores or warehouses for delivery to homes between 4 and 8 p.m. that day. Work hours, travel costsand package volume will be tracked and measured.

The Postal Service is working out agreements with eight to 10 national retail chains for the project, although the agency said its nondisclosure agreements don’t allow it to reveal the companies. But the retailers must have a physical presence in 10 or more big U.S. cities to be a Metro Post partner, which narrows the list.

Other companies such as eBay, Amazon.com and Walmart already offer same-day delivery, usually for a flat $10 fee.

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Chinese investor breaks ground on first U.S. apartment complex

BY Brae Canlen

A Chinese investment company listed on the NYSE has launched the first of several planned multi-family developments in the United States, according to an article in the Wall Street Journal.

Xinyuan Real Estate Co. is constructing a 216-unit condo building in Brooklyn, in the Williamsburg section, its first U.S. residential development. The company is also scouting for other U.S. sites, and plans to sell 40% of the units to Chinese investors, the newspaper reported.

Two dozen Chinese real estate companies, both state-owned and private, are surveying the United States for potential properties, according to a real estate adviser interviewed by the Wall Street Journal. Most of them are interested in residential projects.

Lennar Corp. is currently in talks with the Chinese Development Bank for about $1.7 billion in capital to redevelop two San Francisco naval bases into large housing complexes, the article said.

Metro markets of particular interest to Chinese investors are New York, Los Angeles, San Francisco and Miami, where they can use the properties as rentals or second homes.

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Former Home Depot exec named new HoneyBaked VP, HR

BY HBSDEALER Staff

Former Home Depot executive Michael Esposito has joined HoneyBaked as its new VP, human resources, a newly created position. Esposito previously served as director of associate relations for the Home Depot’s northern division.

“Michael brings an appreciation for the uniqueness of the HoneyBaked brand, a passion for people and an absolute alignment with our core values,” said Chuck Bengochea, CEO of HoneyBaked. “With him, I am confident we have found a strong leader for our team member strategies and look forward to Michael’s contributions across the organization.”

Esposito is a board member of the American Red Cross of Georgia, and serves as co-chair of the Community Outreach Committee. He earned his bachelor’s degree from the State University of New York at Oneonta and has a master’s degree from both Kent State University and the Ohio State University. Esposito earned his Senior Professional in Human Resources in 2008 and is a board member of the Ohio State University’s Fisher College of Business.

“HoneyBaked is a great place to work and its associates are best known for their exceptional customer service,” said Esposito. “As the company grows, my goal is to help HoneyBaked associates realize their full potential and reach their career goals.”

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