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UPR SELLS DOMESTIC GAS BUSINESS FOR $1.35 BILLION
Associated Press |
Union Pacific Resources Group is selling its domestic natural gas gathering, processing, pipeline an
LONDON OIL FUTURES
JOC Staff |
International Petroleum ExchangeNovember 20, 1998 Brent Crude Oil - (Dollars Per Barrel)
ILLINOIS SENATE PASSES HOLDING COMPANY BILL
JOC Staff |
The Illinois Senate has passed a bill that will allow policyholder-owned insurers based in the state
HUATAI INSURANCE OPENS BRANCH IN SHANGHAI
JOC Staff |
Huatai Insurance Co., the first Chinese shareholding property insurer, has opened a branch in Shangh
TRADELEADS
JOC Staff |
The following tradeleads appear exclusively in print in The Journal of Commerce. The leads are curre
Maritime
GEORGIA HOLDS HEARING ON COMMERCIAL LINES DEREGULATION
John Leming |
A rule proposed by Georgia Insurance Commissioner John W. Oxendine to deregulate commercial lines wa
SEDGWICK CLAIMS BUYS CONSULTANT INTEGRACOMP
JOC Staff |
Sedgwick Claims Management Services Inc. has bought Integracomp LLC, a consulting firm specializing
AFRICAN BANK APPROVES SUPPORT LOAN TO GHANA
JOC Staff |
The African Development Bank has approved an $18.65 million economic support loan to Ghana, from the
Maritime
ASIA CRISIS TO LOWER GLOBAL STEEL DEMAND
John Zarocostas |
Global steel demand is forecast to decline by 2 percent in 1998, or 12 million tons less then 1997,
SPOT COMMODITIES
JOC Staff |
November 23, 1998Included are list prices of suppliers. Quotations do not necessarily repres
KBC OF BELGIUM TAKES OVER CZECH COMPANY
JOC Staff |
Belgium's KBC Insurance is taking over a strategic 34 percent stake in Czech insurance company Chmel
SHIP FIXTURE BREAKDOWN
Bridge News |
The dry cargo and tanker fixtures listed herewith and compiled in London and New York, include the f
Maritime
CONTINENT IS EURO-READY DOLLAR'S DOMINANCE TESTED
Gordon Platt |
U.S. companies have less than five weeks left to get ready for the euro, which will bring widespread
Maritime
EUROPE'S STEEL PRODUCERS SEEK TRADE PROTECTION
JOC Staff |
The European steelmakers' association Eurofer has asked the European Commission to impose anti-dumpi
Maritime
LEASING, JAPANESE-STYLE: A THING OF THE PAST?
James Smith |
Cargo carriers and passenger airlines may find it harder to finance the acquisition of new aircraft
SPOT METALS PRICES
JOC Staff |
Commercial QuantityAluminum ingots_ $1,500-$1,600 per ton lo
JAPAN AIRLINES, BOEING REACH A MILESTONE
From Wire and Staff Reports |
Japan Airlines took delivery of its 100th 747 aircraft last week in ceremonies at the Boeing Commerc
UNUM TO PURCHASE PROVIDENT COS.
JOC Staff |
Unum Corp. is buying a Tennessee company, Provident Cos., for stock worth nearly $5 billion to creat
STB SPEEDS DECISION ON NEW YORK EXPANSION
Rip Watson |
The Surface Transportation Board will act on the expansion of rail competition in New York City this
PANALPINA OPENS A HUB IN MIAMI
Kevin G. Hall |
Integrated freight forwarder Panalpina Inc. has officially opened its Miami Mega Hub, its fourth-suc
HANS TOGGWEILER POISED TO TAKE HELM AT DANZAS NA
Journal Of Commerce Staff |
Hans Toggweiler will take over at Danzas North America as president and chief executive next week, t
OTR UNVEILS INTERMODAL LOGISTICS DEPARTMENT
JOC Staff |
Truckload hauler OTR Express Inc. has created an intermodal logistics department.The new Sal
CORNING BUYS REMAINING 50 PERCENT OF OPTICAL FIBRES
JOC Staff |
Corning Inc., which owns 50 percent of Deeside, North Wales-based Optical Fibres, is acquiring the r
Maritime
TRANSPORTATION STOCK INDEX.
Bridge News |
COMPANY PERFORMANCEWeeklyFriday's Percentage P/E 52-Week 52-WeekS
ARGENTINA TIGHTENS PIRACY LAWS FOR SOFTWARE INDUSTRY
Beth Rubenstein |
The Argentine government approved changes to its 55-year-old copyright law in an effort to stop pira
Maritime
SEA-LAND QUITS ILA DISPUTE IN PUERTO RICO
Karl Ross |
Sea-Land Service Inc. has withdrawn from a controversial labor arbitration case here, apparently bec
PUERTO RICAN LAWMAKERS PUSH FOR PORT COMMISSION
Karl Ross |
Lawmakers here, in an effort to forestall mishaps in San Juan harbor, are trying to create a commiss
Maritime
ROBERTS EXPRESS OFFERS REAL-TIME NET TRACKING
JOC Staff |
Roberts Express, a subsidiary of FDX Corp., has joined the ranks of package delivery companies that
STRIKES IN EU PROTEST RAILROAD COMPETITION PLAN
Aviva Freudmann |
Rail workers in six European countries staged work stoppages Monday to protest proposals to make the
PEOPLE ON THE MOVE
People on the Move is compiled weekly by Chris Brooks |
BAX GLOBALJoe McClelland will join this Irvine, Calif.-based transportation and logistics ma
Maritime
JOURNAL OF COMMERCE INDUSTRIAL PRICE INDEX
JOC Staff |
(1)SPOT PRICE INFLATION RATE, SMOOTHED, ANNUALIZED, Jan. 16 - Nov. 23, 1998 (a graph)* Annua
RESIGNATIONS DEAL SETBACK TO BRAZIL REFORMS
Thierry Ogier |
Brazil's fragile economic position has grown even more delicate with the surprise resignations of th
TURKEY LIMITS BP/AMOCO OIL PURCHASES
Ercan Ersoy |
Turkey told its government oil refinery, Tupras, to limit oil purchases from British Petroleum and A
FREIGHT RATE FUTURES
JOC Staff |
Nov. 23, 1998Baltic international Freight Futures Market Prev.Close High
Maritime
US APPLE GROWERS TO SEEK IMPORT QUERY
JOC Staff |
U.S. apple growers want the Commerce Department to conduct an anti-dumping investigation of cheap ju
Maritime
AMERITRADE IN ONLINE DEAL WITH DEUTSCHE BANK
JOC Staff |
Ameritrade Holding Corp. and Deutsche Bank agreed to form a joint venture in which they will let the
Maritime
SEA-LAND SERVICE TO CHARTER FIVE POST-PANAMAX SHIPS
Terry Brennan |
Sea-Land Service Inc. appears to have cashed in on favorable charter rates to acquire the massive sh
Maritime
RUSSIA WILL NEED TO IMPORT MORE CEREAL DUE TO ITS POOR HARVEST, SAYS UN AGENCY
John Zarocostas |
Fueled by this year's sharp fall in food production, Russia is projected to import at least 4 millio
ASIAN TRADE IMBALANCE WON'T BE EASING SOON FOR CARRIERS
Bill Mongelluzzo |
The large trade imbalance that has filled ships coming from Asia and sent them back half empty will
CHEMICAL PRICES
Compiled by Claire Jaekel, Journal of Commerce Chemical |
As of Nov 20, 1998Quotations are based on prices reported in the market or obtained from sup
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