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Even if you don't think you do, you already know plenty about commodities. Want us to prove it? No problem.
What makes oil produced in Saudi Arabia different from oil exported from Nigeria? It's the same thing that makes the corn you ate at last summer¿s barbecue different from the corn used to produce ethanol. Stumped? Well, don't feel bad, it's a trick question. The answer? Absolutely nothing. Corn is corn no matter where it comes from -- just as wheat is wheat and natural gas is -- right! -- natural gas. (Though the quality may differ, the make-up is uniform.)
So, in less elaborate terms, corn and oil (and all other commodities) are homogenous goods that can be processed, resold and more often than not, used as an input to the production of other goods or services. These goods are traded on a commodity exchange, thus setting the price-per-barrel (or other metric unit) used to value them.
Now pay attention, here's a question that indeed does have an answer: What is the difference between a commodity and a stock? While a stock can tank and become worthless, a commodity cannot have its value be wiped to zero. One other difference: Most commodities are traded in futures, meaning traders buy and sell where they think the price of a product will be at a certain point in the future. Stocks trade based on the value of the underlying company at that point in time.
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Wednesday, July 23, 2008
As Fuel Surcharges Rise, Calculate Shipping Discounts with ShipGooder Select
Comtex
TORONTO, July 23, 2008 /PRNewswire via COMTEX/ ----ShipGooder, the Search engine for shipping rates, now provides rate
comparisons for customers with contract shipping discounts.
ShipGooder.com, the market leader for providing courier rate searches across multiple carriers, today announced the launch of a new service, ShipGooder Select.
ShipGooder Select provides rate comparisons for customers who receive shipping discounts from any of the major courier companies, including FedEx, UPS, DHL, the U.S. Postal Service, Purolator and Canada Post.
After completing a simple registration form, ShipGooder Select users can specify the percentage discount they receive for each courier and service. Rate comparisons are displayed instantly after entering the origin and destination zip codes along with the package weight. Discounted rates are highlighted to allow quick price and service comparisons.
ShipGooder.com's proprietary Rapid Rate Server technology allows customers to change any shipping parameter, such as the destination zip code to see updated rates in real-time. ShipGooder has won a loyal following of daily visitors who rave about the site's ease of use and powerful features.
"We received many requests from visitors who receive contract rate discounts from FedEx and other couriers to display rates on ShipGooder.com with their discounts applied," stated Franc Vodopivec, President of ShipGooder, Inc. "Our new ShipGooder Select feature allows customers who have contract rates to experience the same ease of use and efficiency that our other visitors enjoy."
"ShipGooder sets the industry standard for simplicity and speed. We are the only website to provide instant rate quotes from national, regional, and local couriers." said Nancy Chafee, V.P. of Sales and Marketing. "We were delighted to learn that PC World magazine compared ShipGooder.com to our competitors and declared ShipGooder the hands-down winner."
ShipGooder Select is available for the economical subscription fee of sixty dollars annually, with the first month free of charge. Interested customers may sign up immediately by visiting ShipGooder.com, and clicking on the "Sign Up" link at the top of the page.
About ShipGooder, Inc.
Toronto-based ShipGooder, Inc. was founded in October 2006 to develop a multi-carrier rate engine that allows users to quickly compare services from national, regional and local couriers in the U.S. and Canada. ShipGooder.com provides an easy, fast rate engine to obtain the best shipping rates.
SOURCE Shipgooder, Inc.
Copyright (C) 2008 PR Newswire. All rights reserved
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