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UP BUILDING FIVE STORAGE TRACKS IN HOUSTON
JOC Staff |
Union Pacific Railroad said it has begun to build five additional storage tracks in the Houston area
GULF CARRIERS FEAR IRAQ BOMBING DISRUPTIONS
JOC Staff |
Persian Gulf shipping continued undisturbed last week, but industry executives fear sustained attack
BRITISH INSURERS WARILY WATCHING IRAQ BOMBING
JOC Staff |
British insurance underwriters are ''closely monitoring'' the situation in the Persian Gulf followin
US SEEN AS IRAQ'S TOP OIL BUYER, DESPITE BOMBINGS
Paul Thomasch |
U.S. bombs may be falling on Baghdad but U.S. oil companies expect to remain the biggest buyer of Ir
SPOT METALS PRICES
JOC Staff |
Commercial QuantityAluminum ingots_ $1,500-$1,600 per ton lo
BRITAIN RELAXES ARMS EMBARGO ON ARGENTINA
JOC Staff |
The British government announced the relaxation of its arms embargo on Argentina, which has been in
Maritime
BALTIC FREIGHT INDEX
JOC Staff |
820 (Dec. 18, 1998) Previous day - 825The Baltic International Freight Futures Market in Lon
Maritime
GERMAN SUBSIDIES PUT RESEARCH FUNDS IN DOUBT
Jack Lucentini |
The European Commission may cut off research funds to Germany in response to the country's refusal t
Maritime
BRAZIL TO SCRAP TARIFFS ON OIL-EQUIPMENT IMPORTS
JOC Staff |
Brazil's government will scrap tariffs and indirect taxes on imports of oil-exploration and developm
Maritime
CONGRESS MAY BE EASING VIEW ON SANCTIONS
Michael S. Lelyveld |
The campaign to limit U.S. unilateral sanctions has gained an unexpected push as the result of a con
TANZANIA PLANS TO PRIVATIZE MAIN PORTS BY AUG 1999
JOC Staff |
The Tanzanian government has drawn up plans for the long-awaited privatization of its main ports.
USDA SEEKS MORE FEDERAL FARM SUPPORT
Charles Abbott |
U.S. farmers received a record $6 billion in emergency aid this year and will need stronger federal
TOYOTA PICKS CINCINNATI SUBURB FOR PARTS PLANT
JOC Staff |
Toyota Motor Corp. has selected Hebron, Ky., a Cincinnati suburb, as the site for an $85 million par
Maritime
CHARTER INDEX
JOC Staff |
The weekly freight index of Maritime Research Inc. (January-December 1972 equals 100%) is as follows
Maritime
NO DETAILS LEAKED FROM TWO DAYS OF US-RUSSIA STEEL TRADE TALKS
John Helmer |
Russia's leading steelmakers say they haven't been told the results of last week's trade talks betwe
Maritime
INDIAN SURVEY FINDS CONTINUED SLOWDOWN
JOC Staff |
A survey conducted by India's Confederation of Indian Industry says there is still a demand slowdown
Maritime
CANADA: INFLATION RATE UP ON YEAR, LEVEL ON MONTH
Andrea Hopkins |
Canada's annualized inflation rate rose to 1.2 percent in November, the highest so far this year. Bu
JOURNAL OF COMMERCE INDUSTRIAL PRICE INDEX
JOC Staff |
(1)SPOT PRICE INFLATION RATE, SMOOTHED, ANNUALIZED, Feb. 13 - Dec. 18, 1998 (a graph)* Annua
COURT UPHOLDS INDICTMENT AGAINST SHIPPER
Jack Lucentini |
A federal appeals court has reinstated two indictment counts against a California man charged with v
Maritime
HOFFA RUNNING MATES FACING CHARGES FROM UNION'S OVERSEER
Kevin Galvin |
As James P. Hoffa awaits certification of his election victory as Teamsters president, new union cha
STB APPROVES UP PACT WITH RENO, NEV.
JOC Staff |
The Surface Transportation Board endorsed an agreement between Union Pacific Railroad and the city o
NY CONSUMERS AGAIN HAVE NO COMPLAINTS ABOUT TIG COVERAGE
From Wire Reports |
TIG Insurance Group - with no complaints - took the top spot in the annual ranking of New York State
MUNICH RE, ALLIANZ AGREE TO STOCK SWAP
JOC Staff |
German insurance giants Munich Re and Allianz have agreed to a share swap that will see Munich Re be
EXXON SIGNS ANGOLA DEAL
Bridge News |
Angola's national oil company, Sonangol, and Exxon Corp. have agreed to share production on three la
GASOLINE PRICES
JOC Staff |
Dec. 18, 1998RESELLER RACK Unleaded Mid- Premium-Unle
TRADELEADS
JOC Staff |
The following trade leads appear exclusively in print in The Journal of Commerce. The leads are curr
CALENDAR
JOC Staff |
he JOC calendar is a detailed listing of upcoming events in transportation and logistics, regulation
GENCORP PLANS TO SPIN OFF POLYMERS
JOC Staff |
GenCorp., said it plans to split into two public companies by spinning off its decorative, building
JAPAN TO HIT RICE IMPORTS WITH TARIFFS COME APRIL
Associated Press |
Japan will begin imposing high tariffs on rice imports starting in April.Imported rice will
Maritime
JAMAICAN RANCHERS GNAW AT MCDONALD'S US BEEF IMPORTS
Bridge News |
Jamaican ranchers have been holding rallies in front of two local McDonald's restaurants to protest
Maritime
FREIGHT RATE FUTURES
JOC Staff |
Dec. 18, 1998Baltic international Freight Futures Market PREV.CLOSE HIGH
Maritime
IMF: GROWTH SLOWS BUT MOOD IMPROVES
Janet Guttsman |
A new International Monetary Fund report to be released today will offer a modest downward revision
Maritime
FOREIGN EXCHANGE
JOC Staff |
The New York foreign exchange rates below are selling rates among trading banks of $1 million and mo
MAJOR GAINS AND DECLINES IN CARLOADINGS
JOC Staff |
Three weeks ended Dec. 12, 1998, vs. similar 1997 periodCars Cars Loaded Loaded<
WEST AFRICAN NATURAL GAS LINE MOVES CLOSER TO REALITY
Atiya Hussain |
Almost a decade after it was conceived by the World Bank, a plan to build a $400 million project to
SGL SAYS US UNIT FILED FOR CREDITOR PROTECTION
JOC Staff |
SGL Carbon AG, a maker of carbon and graphite products, said its U.S. subsidiary had filed for prote
Maritime
JAPANESE STEELMAKER TO CUT 3,300 JOBS
JOC Staff |
Japanese steelmaker NKK Corp. said it would cut 3,300 jobs, more than a fifth of its workforce, as i
Maritime
BALTIC FREIGHT INDEX (GRAPH)
Journal of Commerce |
December 18: 820
Maritime
CARGO WATCH: GREAT WHITE FLEET
PIERS database. |
Key movements in 20-foot ocean container unitsSept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May
Maritime
DAILY PETROLEUM PRICES
JOC Staff |
Friday Dec. 18, 1998Prevailing sellers' posted prices at the close of business, representing
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