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DAILY PETROLEUM PRICES
JOC Staff |
Monday June 22, 1998Prevailing sellers' posted prices at the close of business, representing
BALTIC FREIGHT INDEX
JOC Staff |
901 (June 22, 1998) Previous day - 904The Baltic International Freight Futures Market in Lon
Maritime
JOURNAL OF COMMERCE INDUSTRIAL PRICE INDEX
JOC Staff |
(1)SPOT PRICE INFLATION RATE, SMOOTHED, ANNUALIZED, Aug 8, 1997 - June 22, 1998 (a graph)* A
BRIEFS
From Wire and Staff Reports |
MOTOROLA TO LAY OFFEMPLOYEES IN SINGAPORESINGAPORE - A Singapore unit of telecommunications
Maritime
NY-NJ, SUEZ TO TALK JOINT MARKETING \ US PORT SEEKS TO SNAG BIGGER ASIAN IMPORT SHARE
Journal Of Commerce Staff |
The heads of the sales and marketing offices at the Port Authority of New York & New Jersey are sche
Maritime
FREIGHTER FINANCING UP IN AIR \ LEASEBACK ARRANGEMENTS OF MD-11S IMPERILED
Jim Smith |
Boeing's announcement this month that it will cease production of the MD-11, a recent mainstay of th
NEW YORK OIL FUTURES
JOC Staff |
New York Mercantile Exchange - June 19, 1998PREV. LIFE OF CONTR. OPENOPEN HIGH L
KR-CRB FUTURES INDEXES
JOC Staff |
The Knight-Ridder Commodity Research Bureau's future price index closed Friday at 213.75 up 2.43 whi
SPOT COMMODITIES
JOC Staff |
June 22, 1998Included are list prices of suppliers. Quotations do not necessarily represent
SPOT METALS PRICES
JOC Staff |
Commercial QuantityAluminum ingots_ $1,500-$1,600 per ton lo
EXPERT: US TRADE POLICIES WILL DRIVE BRAZIL EXPORTERS TO SHUN US MARKET
Thierry Ogier |
As Brazil expands its export potential, the United States is increasingly less likely to benefit bec
Maritime
TO LEASE OR TO OWN? AIRLINES WEIGH BOX OPTIONS
Russ Banham |
Why own an air freight container when you can lease it?Then again, why not? Although all oth
EXPRESS CARRIERS EXPAND IN ASIA \ FROM SYDNEY TO SHENZHEN, FEDEX AND FRIENDS STEP UP THEIR FLIGHTS
P.T. Bangsberg |
Air express carriers are moving ahead on several fronts in Asia - or are at least trying to do so.
BRIEFS
From Wire and Staff Reports |
ALASKA AIR BOOSTSSALMON SHIPMENTSANCHORAGE - Alaska Airlines Cargo delivered nearly 1.4 mill
INTERNATIONAL BUNKER PRICES
Journal Of Commerce Special |
The following fuel oil prices are for the week ending June 17, 1998 as supplied by the bunker fuel d
QUOTA WATCH
International Development Systems Inc., Washington, D.C. |
CURRENT TEXTILE QUOTAS:Where the average recent utilization rate indicates full quota utiliz
Maritime
QANTAS CONTINUES CUTS IN ASIA SERVICE
Journal Of Commerce Staff |
Qantas Airways is further reducing services to Asia and redirecting capacity to growth markets elsew
YELLOW CORP. OFFERS TIME-DEFINITE SERVICE
Rip Watson |
Yellow Corp. is broadening its service offerings to include guaranteed and time-definite delivery se
CARGO WATCH: HAPAG-LLOYD \ KEY MOVEMENTS IN 20-FOOT OCEAN CONTAINER UNITS
PIERS database. |
March April May June July Aug. Sep. Oct. Nov. Dec. Jan. Feb. Mar. April97 97 97
Maritime
CALIFORNIA RULING DEALS HOMEOWNERS A SERIOUS BLOW
Ron Lent |
The insurance and building industries triumphed recently when a California appeal court in San Diego
BERKSHIRE HATHAWAY TO PURCHASE GENERAL RE
Wire And Staff Reports |
Berkshire Hathaway will buy General Re Corp. for $22 billion in stock, Warren Buffett, chairman of B
SPOT PRODUCT PRICES
JOC Staff |
June 19, 1998U.S. spot oil product price indications, sellers range, in cents per gallon, f.
TRANSPORTATION CALENDAR
JOC Staff |
ONGOINGSeamen's Church Institute. New York. Water Street Gallery exhibits paintings by 20 ma
Maritime
HINO: JAPANESE POLICY ON BANKS TO CONTINUE
Naoko Aso |
Masaharu Hino, Japan's newly appointed head of the Financial Supervisory Agency, said Monday he inte
BRIEFS
From Wire and Staff Reports |
INDIA: 'NO PANIC' AFTERCREDIT RATING DOWNGRADENEW DELHI - Moody's Investors Services lowered
Maritime
TRANSIT GROUP BUYS NEW YORK CARGO CARRIER IN THIRD ACQUISITION
Gregory S. Johnson |
Transit Group Inc. has made its third acquisition of the year, purchasing KJ Transportation Inc., a
ACCORD EXPECTED THIS WEEK BETWEEN PATRICK AND UNION
Bridge News |
The Maritime Union of Australia and Patrick Stevedores Co. are expected this week to sign a framewor
FREIGHT RATE FUTURES
JOC Staff |
June 22, 1998Baltic International Freight Futures Market Prev.Close High Low
Maritime
SEPARATE PROCESSES PREVENT COSTLY THEFT
Journal Of Commerce Staff |
Shippers must work with their forwarders to create separate processes for handling high-value cargo
SKEPTICISM GREETS OPEC'S TALK OF NEW OUTPUT CUTS
Dirk Beveridge |
After failing to rescue the depressed oil market by slashing production this spring, OPEC now hopes
TRUCKING ASSOCIATION RETOOLS, TRIMS MEMBER FEES
Rip Watson |
The American Trucking Associations leadership is pointing the trade association in a new direction t
NEW HAVEN RESIDUAL FUELS
JOC Staff |
June 22, 1998No. 4/ No. 6/ No. 6/ 1% 1% 0.5%Buckley 24.00
CHEMICAL PRICES
Compiled by Rosalie Spiller, Journal of Commerce Chemical |
As of June 22, 1998Quotations are based on prices reported in the market or obtained from su
JOC INDEX DIPS BUT BEATS THE DOW
Gregory S. Johnson |
The Journal of Commerce Stock Index dropped 1.28 percent last week to close at 4538.03, outpointing
DALLAS-FORT WORTH AIRPORT NAMED 2ND HUB BY CHALLENGE
William Armbruster |
Challenge Air Cargo has chosen Dallas-Fort Worth International Airport as the Miami carrier's second
30-CAR DERAILMENT IN WEST VIRGINIA SPILLS CHLORINE, SENDS 7 TO HOSPITAL
Associated Press |
A chemical train jumped its tracks Saturday, spilling chlorine and sending seven people to the hospi
TRADE MINISTERS GIVE CLINTON TIME TO NAIL FAST TRACK
Kevin G. Hall |
Trade negotiators meeting to advance a Free Trade Area of the Americas by 2005 have given the United
HONG KONG TERMINAL GROWTH SLOWS
Carla Rapoport |
Growth at Hong Kong's shipping terminals continued to shrink in May while throughput at terminals ac
Maritime
HEAVY-TRUCK BUYERS KEPT MAY SALES ROLLING
Journal Of Commerce Staff |
Heavy-truck buyers kept manufacturers hopping in May as sales continued to score double-digit gains.
BRIEFS
From Wire and Staff Reports |
AMERICAN RICE TAKESWRITE-OFF; TOP EXEC OUTHOUSTON - Rice producer American Rice Inc. said it
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