NEWS SUMMARY

NEWS SUMMARY

* Gordon Platt - Credit Outlook 3A

* EC 1992 Regulatory Roundup 5A* Richard Lawrence - Trade Scene 8A

* Don C. Becker - Publisher's Notebook 10A

* Richard Malkin - Air Cargo Focus 5B

* Mark Magnier - Inside Talk From the West Coast 8B

AIR CARGO

Federal Express is expected this week to detail price hikes that are scheduled to take effect April 1. 5B

Mailers say they will back the Accelerated Reply Mail service that the Postal Service plans to roll out nationwide later this month. 5B

CHEMICALS/

PLASTICS

Italy's Raul Gardini tries to make Enimont in his own image. 1A

Tight cyclohexane demand spurred a U.S. producer to restart an idle plant. 7A

World Bank officials have been lax in enforcing internal rules that encourage farm aid recipients to scale back pesticide use. 7A

COMMODITIES

Coffee and cocoa prices moved higher, driven by political unrest in the Ivory Coast. 6A

Gold dipped below $400 Tuesday to $397.25 and appeared ready to test the key support level between $394 and $395, London analysts said. 6A

Market reforms moved a step closer to implementation when a House panel approved a package that allows regulators to curb program trading. 7A

U.S. subsidies on wheat sold to the Soviet Union were worth $481 million over 29 months, the General Accounting Office reported. 7A

The United States and Romania signed an $80 million aid package Tuesday. 7A

EDI

Robert W. Crowley has resigned from Trans Freight Lines to form his own consulting company. 2B

EXPORTS

While the United States and the EC get embroiled in a trade spat, American companies relaunch a European investment drive ahead of 1992. 1A

Japanese Prime Minister Kaifu said he personally would make the final decisions on removing import barriers in response to Washington's demands. 5A

A survey of 1,800 business leaders in 34 countries ranked the U.S. third among the world's most "unfair players" in global markets. 5A

Eastern Europe threatens to upstage an economic opening to foreign investors promised by Brazil's new president. 5A

FINANCIAL

The U.S. dollar declined against the yen Tuesday on fresh speculation that Japan may tighten credit. 3A

GENERAL NEWS

Cuba is facing its worst economic crisis since the 1959 Communist revolution. 1A

IMPORTS

U.S. importers say they favor elimination of textile quotas but argue that the latest proposal for phasing them out would cause massive disruption. 1A

A House panel wraps up hearings on a Puerto Rican plebiscite. 4A

The foreign acquisition surge in the late 1980s has U.S. managers in all segments wondering if they've lost their shot at becoming a CEO. 4A

INSURANCE

Two HMOs affiliated with Blue Cross & Blue Shield of Connecticut will merge to create the state's second largest HMO. 9A

The federal government was urged to begin a crackdown on unscrupulous insurance companies under anti-racketeering laws. 9A

Reliance Group denied a statement by Winterthur that losses linked to junk bond investments prompted it to sell General Casualty. 9A

Two insurers plan to leave New Jersey's auto market. 9A

MARITIME

Du Pont has signed a two-year service contract with Euro-Gulf International to export chemicals and synthetics to Europe. 1A

Little progress seen at Frankfurt talks on vessel capacity in the North Atlantic trades. 1A

After nearly a century in San Francisco, Crowley is moving its world headquarters across the bay to Oakland. 1A

William Detweiler's resignation as president of Baltimore's Steamship Trade Association could start a new era. 1A

Two small shipping companies serving the West Coast from Canada to Mexico have joined into a single larger service and boosted their tonnage. 1B

The Port of Tacoma is buying additional land, saying it needs to expand its multiple-user container terminal for additional steamship lines. 1B

A new Estonian ferry service is attracting freight interests. 1B

A feud is raging between the Port of Richmond and the Virginia Port Authority, the state agency that controls the Port of Hampton Roads. 3B

Secretary of Transportation Samuel K. Skinner declines to review Marad, Puerto Rico order. 3B

FMC investigative officers have concluded two years of hearings in a continuing probe of shipping malpractices in the trans-Pacific trades. 8B

OIL AND GAS

The Malaysian arm of Royal Dutch/Shell will spend heavily on oil exploration and recovery over the next several years. 6B

Six people were seriously injured early Tuesday when liquid propane leaking

from a pipeline exploded in upstate New York. 7B

OPINION

Because of his refusal to lower interest rates, Fed Chairman Alan Greenspan is on thin ice with the administration. 8A

Washington and Tokyo are scripting two titillating suspense dramas: Super 301 and the Structural Impediments Initiative. 8A

The Brady plan is a political success, but a financial and economic failure. 8A

RAILROADS

The Union Pacific Railroad intends to use offshore suppliers if domestic suppliers fail to meet their quality standards. 2B

CP Rail has offered Conrail a better route to Canada in exchange for Conrail dropping its opposition to CP's acquisition of the bankrupt D&H. 2B

Requests for hearings on proposed abandonment of rail lines to pea and lentil fields in Washington state have been granted by the ICC. 2B

Equipment finance companies will broaden the range of services they provide in the 1990s, an industry consultant said. 2B

TRUCKING

The General Accounting Office said up to 360,000 truckers could losing driving privileges if states do not quickly complete new licensing programs. 2B

Paccar Inc. widens lead in heavy trucks with February sales results. 2B

WORLD TRADE

President Bush signed an executive order Tuesday lifting U.S. economic sanctions against Nicaragua. 1A

The U.S. international payments deficit last year was the lowest since 1984, the Commerce Department reported. 3A

Japan's February trade surplus fell by 30.8 percent on year-to-year terms at just slightly over $5 billion. 3A