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DEAL ALLOWS BIGGER TRUCKS OVER THE ALPS
Robert Koenig |
Bigger trucks will be able to transit the Swiss Alps, but at a relatively high cost, under a comprom
ASIAN CRISIS DRIVES DOWN GLOBAL AIR CARGO TRAFFIC
John Zarocostas |
Stung by the Asian crisis, cargo traffic at the world's airports fell by 3.1 percent in August, comp
KOREAN LEADER, CHAEBOLS TO DISCUSS REFORMS
JOC Staff |
South Korean President Kim Dae-Jung will meet with the heads of the top five chaebols on Monday to f
Maritime
CARRIERS MAP PLANS FOR NEW ALLIANCE
Terry Brennan |
Ocean carriers in the severely overcrowded trade between the east coasts of the United States and So
UNION-TRANSPORT FINALIZES GERLACH DEAL
JOC Staff |
Union-Transport has completed the acquisition of Gerlach Art Packers from Royal Nedlloyd NV.
NORTHWEST, NIPPON SEEK CARGO CODE-SHARING
JOC Staff |
Northwest Airlines and Nippon Cargo Airlines announced that they will file for cargo code-share serv
DAILY PETROLEUM PRICES
JOC Staff |
Wednesday Dec. 2, 1998Prevailing sellers' posted prices at the close of business, representi
SMOKERS LIGHT UP, HELP JAPAN RAIL PAY DEBT
JOC Staff |
Smokers in Japan will be helping to pay off lingering debt from the privatization of Japanese Nation
PILOT STRIKE COST AIR FRANCE PROFIT
JOC Staff |
Air France's profit tumbled 28 percent for the latest six months, mainly because of a costly pilots'
KITTY HAWK UNIT PUTS THIRD FREIGHTER IN SERVICE
JOC Staff |
Kitty Hawk Inc.'s American International Airways Inc. unit has put into service its third modified B
FREIGHT RATE FUTURES
JOC Staff |
Dec. 2, 1998Baltic international Freight Futures Market PREV.CLOSE HIGH
Maritime
OCEANGOING VESSELS: WAVE OF FUTURE FOR SEAWAY?
Courtney Tower |
Jim Campbell wonders whether the increasing penetration of St. Lawrence Seaway-Great Lakes traffic b
Maritime
40 PERCENT OF AMERICANS PLAN TO RETIRE BEFORE SOCIAL SECURITY AGE
From Wire Reports |
Working Americans are optimistic about retiring early. In fact, 40 percent expect to be able to reti
FOREIGN EXCHANGE
JOC Staff |
The New York foreign exchange rates below are selling rates among trading banks of $1 million and mo
IMF KEEPS THE PURSE CLOSED AS TALKS RESUME
Vladimir Isachenkov |
With a $22.6 billion loan package now on hold, the head of the International Monetary Fund launched
LATEST BUG TO BITE MARITIME INDUSTRY: GUESSING WHICH MERGER WILL BE NEXT
Slot Watch - Paul Richardson |
With just 28 days until the New Year, anyone who expects the mergeritis bug to bite once more in li
Maritime
COMMERCE AVOIDS EXPORT LICENSE FREEZE
Michael S. Lelyveld |
The Commerce Department has averted a freeze on export licensing by reaching agreement with one of s
AMTRAK FACING A DEFICIT OF $300 MILLION IN 2003
JOC Staff |
Amtrak is on pace toward a cash deficit of more than $300 million in 2003, the year by which it must
CHINA NATIONAL POWER PLANS INFRASTRUCTURE UPGRADE
P.T. Bangsberg |
As China's huge economy continues to expand, its infrastructure has lagged behind. The lag is most p
TWO AIRLINES READYING THREE MORE CARGO FLIGHTS
JOC Staff |
Lufthansa Cargo and South African Airways will more than double their freight capacity between Nairo
SPOT COMMODITIES
JOC Staff |
Dec. 1, 1998Included are list prices of suppliers. Quotations do not necessarily represent p
KR-CRB FUTURES INDEXES
JOC Staff |
The Knight-Ridder Commodity Research Bureau's future price index closed Tuesday at 196.83 up 1.41 wh
SWISS RE TAKES OVER LIFE RE FOR $1.8 BILLION
JOC Staff |
Swiss Reinsurance Co. has acquired Life Re Corp. of the United States for about $1.8 billion.
US-OWNED RAIL EYES POLISH, ESTONIAN DEALS
Aviva Freudmann |
U.S.-owned rail operator English Welsh & Scottish Railways, leapfrogging troubled railroads in Weste
FLORIDA WINDSTORM GROUP PLANS $1 BILLION OFFERING
JOC Staff |
A state group providing insurance against windstorms plans to sell up to $1 billion in bonds to rais
BALTIC FREIGHT INDEX
JOC Staff |
925 (December 2, 1998) Previous day - 935The Baltic International Freight Futures Market in
Maritime
QUOTE TO NOTE
Robert Martinez, Assistant vice president, Norfolk Southern |
'We need the right equipment to be able to handle not only the standard 20-foot and40-foot o
Maritime
HIGH-YIELD SHIPPING BONDS
Lazard Freres & Co.; The Journal of Commerce |
Table Only
Maritime
CARGO WATCH: GULFPORT, MISS.
PIERS database. |
Key movements in 20-foot ocean container unitsAug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr.
Maritime
LONDON OIL FUTURES
JOC Staff |
International Petroleum ExchangeDecember 1, 1998 Brent Crude Oil - (Dollars Per Barrel)
FUTURES TRADING/OPEN INTEREST AND SALES
JOC Staff |
FUTURES - December 1, 1998 OPEN INTEREST AND SALES - November 30, 1998All life-of-
IT'S STILL "BUYER BEWARE' WHEN EXPANDING INTO ASIA
From Wire Reports |
Asia's insurance and reinsurance markets will be fraught with change, challenge and uncertainty over
STEEL ALTERING GREAT LAKES' ECONOMY
Courtney Tower |
The Montreal shipping company Fed Nav Ltd. is operating about 80 ocean-going ships under various fla
Maritime
BRAZIL BACKS OFF _ FOR NOW FMC DELAYS POSSIBLE RETALIATION
Tim Sansbury |
The United States and Brazil have edged back - for at least a week - from a maritime fight that thre
STB SEEKS MORE DATA ON KANSAS CITY LINE REVIVAL
JOC Staff |
The Surface Transportation Board told the backers of the Missouri Central Railroad, who seek to resu
CATHAY PULLS OUT OF PHILIPPINE AIR TALKS
P.T. Bangsberg |
The future of the Philippines' main airline is again in doubt after talks with two potential rescuer
GERMAN RAIL HIKE STUNS FAILING INDUSTRY
Bruce Barnard |
Europe's railroads are bleeding freight to trucks and barges and risk being squeezed out the market
SHIP FIXTURE BREAKDOWN
Bridge News |
The dry cargo and tanker fixtures listed herewith and compiled in London and New York, include the f
Maritime
WORLD BANK URGES ASIA TO MAINTAIN GROWTH
JOC Staff |
East Asia has everything it needs to restore economic growth as long as it kept faith with economic
Maritime
VENEZUELA'S CHAVEZ OFFERS "HUMANISTIC ECONOMY'
Kevin G. Hall |
It's 6:30 a.m. and most in this capital city haven'thad their first cup of coffee. But Lt. C
Maritime
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