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BRAZIL POSTS JULY TRADE SURPLUS OF $93 MILLION
JOC Staff |
Brazil posted a $93 million trade surplus in July, turning around a $144 million trade deficit in Ju
Maritime
DOCKWORKERS DESTROY PORT OFFICE EQUIPMENT
Kevin G. Hall |
In another sign that Brazil's transition to a leaner waterfront work force will not be easy, dockwor
Maritime
SHIP FIXTURES
BRIDGE NEWS The dry cargo and tanker fixtures listed herewith |
GLOSSARYAR: American Tanker RateSchedule RevisedRS: American Tanker Rate Schedule
Maritime
APL LTD. BEGINS DIRECT CONTAINER OPERATION
P.T. Bangsberg |
APL Ltd. has launched a direct container link between Asia and fast-growing markets of the Red Sea a
Maritime
NEW HAVEN RESIDUAL FUELS
JOC Staff |
Aug. 4, 1999NO. 4/ NO. 6/ NO. 6/ 1% 1% 0.5%Buckley 24.6
BALTIC FREIGHT INDEX
JOC Staff |
Aug. 5, 1999CURRENT: 1025 PREVIOUS DAY: 1021 The Baltic International Freight Futures Ma
Maritime
CLINTON OFFERS PLAN TO HELP US STEEL INDUSTRY
JOC Staff |
The Clinton administration has developed a plan to bolster the troubled steel industry against unfai
Maritime
TAIWAN AIRLINE MAY STOP BOEING ORDER
Associated Press |
Taiwan's flagship airline apparently is canceling an order for 12 Boeing 777s in protest of the Clin
SPOT METALS PRICES
JOC Staff |
Commercial QuantityAluminum ingots $1,500-$1,600 per ton lots & in warehouse
5 REEFER CARRIERS TO CRAFT DISCUSSION AGREEMENT
Kevin G. Hall |
Five large refrigerated ocean carriers say they will create a discussion agreement to be called Spec
Maritime
GASOLINE PRICES
JOC Staff |
Aug. 5, 1999 Reseller RackUNLEADED MID- PREMIUM-UNLEAD PREMIUM-UNLEAD REGULA
REGULATORY REFORMS PAY OFF FOR SECTOR, OECD REPORT SAYS
John Zarocostas |
The Mexican regulatory reforms triggered by the deregulation of transportation have lowered costs, e
ITC SENDS MESSAGE WITH RECORD FINE
Jack Lucentini |
The International Trade Commission imposed a $2.3 million fine against an accused ''gray market'' tr
Maritime
STATE DEPARTMENT TAKES CAUTIOUS STANCE
Tim Sansbury |
The State Department's position on an international group's report on maritime reform exposes a rift
Maritime
BALTIC HANDY INDEX
JOC Staff |
Route Size Timecharter trip Weight $ No.
Maritime
CARGO TRAFFIC DIPS, CONTAINER VOLUME RISES
Bruce Barnard |
The Port of Rotterdam, mirroring the state of Europe's economy and its trade with the rest of the wo
Maritime
QUOTE TO NOTE
LOU BRACCO GARTNER, Manager of logistics business development |
'The barge is our secret weapon.'
Maritime
RELIANCE GROUP REPORTS NET LOSS
JOC Staff |
In the second quarter of 1999, Reliance had a net loss of $156.9 million, compared with net income o
ERICSSON GETS PACTS FOR NETWORKS IN ARGENTINA
JOC Staff |
Ericsson received two contracts worth more than $400 million tosupply wireless networks to two opera
Maritime
GERMAN MANUFACTURING ORDERS ROSE IN JUNE
JOC Staff |
The volume of German manufacturing orders rose 1.7 percent in June compared with May, due to a stron
Maritime
NEW CARGO CHIEF FACES TOUGH TASK
William Armbruster |
Trans World Airlines has picked a 35-year company veteran with no experience in cargo to run its car
CONSOLIDATED DELIVERY POSTS JUMP IN PROFIT
JOC Staff |
Consolidated Delivery & Logistics Inc., the air and ground delivery company, reported second-quarter
REGULATORY BOARD KEY TO NEW BILL
N. Vasuki Rao |
The Sri Lankan government is expected to introduce legislation in Parliament to set up an independen
TRADELEADS
JOC Staff |
The following tradeleads appear exclusively in print in The Journal of Commerce. The trade leads are
Maritime
CHEMICAL PRICES
JOC Staff |
using joc chemical pricesMonday: Botanicals-Spices, Balsams-Gums, Waxes, Naval Stores.<
NS GETS CP GO-HEAD TO USE BULK TERMINAL
JOC Staff |
Norfolk Southern Corp. announced an agreement with Canadian Pacific Railway that allows NS to use a
ROADRUNNER LAUNCHES FLATBED DIVISION
JOC Staff |
Ohio Intrenet Inc. said its largest subsidiary, Roadrunner Trucking Inc., has launched a new flatbed
KITTY HAWK PROFIT DECLINED IN QUARTER
JOC Staff |
Kitty Hawk Inc., a major nonintegrated air-cargo carrier, reported a drop in second-quarter profit,
CONSOLIDATED FREIGHTWAYS SIGNS SERVICE PACT WITH MERZARIO
Journal of Commerce Staff |
Consolidated Freightways Inc. increased its international presence by signing a service agreement wi
TRAMP CONTAINERSHIP OWNERS CAN EXPECT STRONGER MARKET
Aviva Freudmann |
Containership owners, beset by a four-year slump in the charter market, can look forward to a strong
Maritime
BALTIC INTERNATIONAL FREIGHT FUTURES
JOC Staff |
Aug. 4, 1999PREV. CLOSE HIGH LOW VOL. CLOSEAug. 1050.0
Maritime
HUTCHISON TO ACQUIRE A STAKE IN ECT
Aviva Freudmann |
Terminal operator Hutchison Port Holdings is continuing its international expansion with its planned
FOREIGN EXCHANGE
JOC Staff |
The New York foreign exchange rates below are selling rates among trading banks of $1 million and mo
AON PROFIT RISES 8 PERCENT IN SECOND QUARTER
JOC Staff |
Aon Corp., the world's second-largest insurance broker, said second-quarter net income rose 8 percen
SHAKE-OUT SEEN FOR INDIA'S AUTO INDUSTRY
JOC Staff |
With current demand far lower than the built-up capacity, the Indian automobile industry is seen hea
Maritime
US CUSTOMS STOPS CAMBODIAN APPAREL ARRIVING UNDER FAKE VISAS
Paula L. Green |
U.S. Customs is carefully watching the flow of Cambodian apparel imports after detaining nearly $5 m
Maritime
DHL EVALUATES AIRBUS, BOEING OPTIONS
Bruce Barnard |
DHL International Ltd. will decide within two months whether to buy Airbus or Boeing aircraft in a $
JOURNAL OF COMMERCE INDUSTRIAL PRICE INDEX
The Journal of Commerce Industrial Price Index is compiled |
Spot price inflation rate smoothed, annualized *1999 High: 94.2 1999 Low: 86.7 1998 Hi
SPOT COMMODITIES
JOC Staff |
Aug. 5, 1999Included are list prices of suppliers. Quotations do not necessarily represent p
SELECTIVE INSURANCE DOUBLES PROFIT
JOC Staff |
Selective Insurance Group Inc. had second-quarter net income of $28 million, compared with $14 milli
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