MONON STRIKE ENDS
AS PACT IS RATIFIED
MONON, Ind. - More than 2,400 workers who struck transportation equipment manufacturer Monon Corp. are back at work after members of the United Brotherhood of Carpenters and Joiners ended their 18-day walkout, ratifying a new four-year contract.
The pact was approved by better than a 10-to-1 margin.
The strike reduced production as Monon and other trailer/container builders had order books filled into 1995.
An earlier contract offer, which included a no-reprisal clause that was deleted from the approved proposal, was defeated by a 3-2 margin.
The contract includes a total wage increase of 11.4 percent over four years, enhanced medical and pension benefits, and a guarantee of one Saturday off monthly, in addition to holiday weekends.
TO BE DECIDED TODAY
FRANKFURT, Germany - Lufthansa German Airlines shareholders are expected today to approve a stock sale that will pave the way for the privatization of the German state-owned airline.
"We expect shareholders to approve" the stock sale, said Hans Hartmann, an analyst at Dresdner Bank AG.
Lufthansa's annual general meeting in Berlin will look back at a year that has seen the money-losing airline move closer to profit while removing obstacles to the long-awaited sale of the government's majority stake.
Lufthansa narrowed its parent net loss to $69.95 million last year from $235.1 million a year earlier. But the airline badly needs capital to push through investment programs that will boost its efficiency.
AIR CANADA TO OFFER
DIRECT SERVICE TO OSAKA
MONTREAL - Air Canada announced it will begin the only direct service between Canada and Osaka, Japan, on Sept. 20.
The service will offer four flights from Toronto through Vancouver to Osaka's Kansai International Airport.
"Our strategy is to further develop our presence in the Asia-Pacific market, building on our recent launch to Korea," said Hollis Harris, Air Canada's chairman and chief executive.
"With the introduction of service to Japan, we will be better positioned to capture our share of the growing Asian passenger and cargo markets," he added.
BAR ASSOCIATION TO STUDY
WASHINGTON - The Federal Bar Association's transportation section is beginning a survey of 10 regional Federal Highway Administration offices to review consistency of safety, hazardous material and regulatory compliance procedures.
Committee Chairman Anthony McMahon said information on the offices' activities was requested in June.
Mr. McMahon said "the committee is interested, ultimately, in seeing how effectively that regulatory information is being communicated and whether we can spot trends that might suggest areas of improved communication."
WATKINS, RANDY SIGN
JOINT SALES AGREEMENT
INDIANAPOLIS - Watkins International Network, the international department of Watkins Motor Lines, and Randy International, the international freight forwarding subsidiary of Celadon Group, have signed a joint sales agreement.
The pact calls for the development of ocean and air freight movements worldwide to and from the United States. Watkins will provide direct line computer connection to the Celadon/Randy information system.
CHINESE TAKE DELIVERY
OF BOEING, AIRBUS PLANES
BEIJING - China has taken delivery of 17 new passenger planes - 14 from Boeing Co. and three from Europe's Airbus Industrie consortium - since Jan. 1.
China Southern Airlines was the biggest buyer, receiving seven Boeing 737-300s and one 757; China Eastern Airlines received three A300-600 Airbuses; Air China one 747-400, one 767 and one 737.
The others went to Southwest, Shenzhen and Central China