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TRANSPORT BRIEFS
Wire and Staff Reports |
UNION PACIFIC, C&NW COMPLETE MERGER PLANBETHLEHEM, Pa. - Union Pacific Corp. and Chi
INDIA'S NEW IMPORT DUTY CUTS SEEN AS BOON TO FOREIGN EXPORTERS
N. Vasuki Rao |
Exporters overseas are among the chief beneficiaries of the new Indian budget, which proposes a phas
Maritime
GASOLINE PRICES
JOC Staff |
Mar. 17, 1995 RESELLER RACKUnleaded Mid- Premium-Unlead Pre
SHIP LINES LEVY SURCHARGE IN WAKE OF DIVING DOLLAR
Janet Porter |
An emergency surcharge to compensate for the collapse of the dollar will be levied starting today on
CUSTOMS TO STEP UP ANTI-DRUG EFFORT AND KEEP CARGO MOVING, WEISE SAYS
Bill Mongelluzzo |
The words were enough to make the nation's customs brokers and forwarders groan. Customs Com
NEW CAUSTIC DISPUTE BREAKS OUT OVER TRADE IN HAZARDOUS WASTE
Tara Patel |
A fresh dispute has broken out between environmentalists, business groups, and rich and poor countri
Maritime
MAJOR WORLD PLAYERS VIE TO CONSTRUCT PHILIPPINE UTILITIES
Cecilia Quiambao |
The Philippine government, planning its energy requirements for the 21st century, will call for bids
WORLD TRADE CENTER NETWORK - TRADE LEADS
World Trade Center NETWORK |
FOR FURTHER INFORMATION:These trade leads are supplied through the World Trade Center NETWOR
Maritime
READING & BATES REJECTS OFFER FROM SONAT
Knight-Ridder Financial |
Reading & Bates Corp. rejected Sonat Offshore Drilling's $448 million cash and stock offer to acquir
APPEALS COURT WON'T REVIEW RULING ON SALES BY BANKS SUPREME COURT MIGHT HEAR CASE
Margo D. Beller |
A federal appeals court said last week it will not review its 1992 ruling that gives banks approval
CONRAIL WORKERS TURN UP THE HEAT IN PURSUIT OF LOCAL NEGOTIATIONS
Rip Watson |
Beating the drum for local negotiations and opening the door on a walkout as early as April 1, track
SILVER PRICES POISED TO CLIMB AS DEMAND FOR FILM SURGES
Howard Simon |
Buoyed by strong demand for photographic film, silver prices will rise about 25 cents anounce to $5
NEW HAVEN RESIDUAL FUELS
JOC Staff |
Mar. 17, 1995 No. 4/ No. 6/ No. 6/1% 1% 0.5%
TRANSPORT BRIEFS
Wire and Staff Reports |
CN POSTS 1994 PROFIT OF ABOUT $200 MILLIONCN North America earned a profit of nearly US$200
SEN. LUGAR SLAMS PROPOSAL TO SCRAP USDA
Knight-Ridder Financial |
Senate Agriculture Committee Chairman Richard Lugar told reporters last week that he opposes a plan
FREIGHT RATE FUTURES
JOC Staff |
Mar. 17, 1995 Baltic International Freight Futures MarketPrev.Close High Low
Maritime
BALTIC FREIGHT INDEX
JOC Staff |
2266 (Mar. 17, 1995) Previous day - 2251 The Baltic International Freight Futures Market in
Maritime
RUSSIAN RIVER CRAFT PRESENT A PERIL TO OCEAN SHIPPING, EXPERT WARNS
Janet Porter |
Russian ships and barges built mainly for trading on rivers and canals are becoming a hazard in the
Maritime
INTERMODAL PARLEY SHUNS TRADITIONAL RAIL FOCUS
Rip Watson |
Thirty swamp-lined highway miles from the nearest railroad track, the Intermodal Association of Nort
ILLINOIS CENTRAL ADOPTS AMBITIOUS 5-YEAR PLAN
Rip Watson |
Illinois Central Railroad, already possessing the industry's lowest operating ratio of expense to re
ELECTRICITY-STARVED CHINA TO BOOST ITS NUCLEAR GENERATION CAPACITY
Reuters |
Electricity-hungry China will substantially increase nuclear energy generation by the year 2010, whe
CATASTROPHIC OPTION CALL SPREADS
Chicago Board of Trade |
For quotes on National, Midwestern or other markets, call the CBT trading floor during trading hours
INTERNATIONAL CALENDAR
JOC Staff |
REGIONAL BLOCS Pacific Rim Conference and Exhibition. Sydney, Australia. March 26-29
Maritime
INSURANCE BRIEFS
Wire and Staff Reports |
CONN. INSURERS TO DISCUSS NEW LICENSING PROCESSThe Professional Insurance Agents of Connecti
QUAKE'S COSTS MAY MAKE TOKYO RETHINK LIMITS ON HOME COVERAGE
Associated Press |
The earthquake that devastated the city of Kobe has shed a harsh light on insurance, one of Japan's
CHARTER INDEX
JOC Staff |
The weekly freight index of Maritime Research Inc. (January-December 1972 equals 100 percent) is as
Maritime
OTTAWA ORDERS VANCOUVER DOCKERS BACK TO WORK
WILLIAM DiBENEDETTO |
Striking dockworkers at Vancouver, British Columbia, were expected to return to work early today aft
ALLEN TANK INC.
Maria Carlino |
Despite growing competition in recent years and the severe downturn in the oil and gas business in t
Maritime
TEAMSTERS OVERCOMES OVERNITE AD CAMPAIGN
Chris Isidore |
The Teamsters union won another Overnite Transportation Co. terminal vote, this one in Detroit, as a
DOLLAR'S DROP MAY CUT FIXTURES, INCREASE CHARTER EXTENSIONS
Containership Charter Report is a monthly feature of The |
The lead story this month clearly has to be the dramatic collapse of the U.S.dollar, which f
Maritime
NIGERIA'S UNPAID DEBTS MAY FORCE TEXACO UNIT TO LAY OFF WORKERS
Reuters |
Texaco Inc.'s subsidiary in Nigeria has told the government it might be forced to lay off workers un
SPOT METALS PRICES
JOC Staff |
Commercial Quantity Aluminum ingots_ $1,100-$1,150per ton lots &
COMMODITY / ENERGY BRIEFS
Wire and Staff Reports |
INDIA INCREASES SUBSIDY FOR FOOD GRAIN FOR POORNEW DELHI, India - The government has
OIL COMPANY SEEKS TO ESTABLISH PHILIPPINE TRANSSHIPMENT BASE
Cecilia Quiambao |
A U.S.-Japanese oil firm is seeking government approval to transship products stored at its depot in
CHAMBER, MEXICAN FIRMS ALLIES IN BOOSTING ECONOMY
John M. Nagel |
The American Chamber of Commerce of Mexico, representing nearly 85 percent of U.S. direct foreign in
Maritime
SHIP CARRYING NUCLEAR WASTE FACES HEAVY SEAS AND A STORM OF PROTEST
HELEN R. MacLEOD |
The British-registered ship carrying radioactive waste from France to Japan, Pacific Pintail, will f
Maritime
IN CANADA, ONE RAIL UNION APPROACHES A SETTLEMENT AS ANOTHER NEARS A LOCKOUT
From Wire and Staff Reports |
While some progress was reported in negotiations aimed at ending the CP Rail work stoppage, new talk
FREIGHT RATE FUTURES
JOC Staff |
Mar. 16, 1995 Baltic International Freight Futures MarketPrev.Close High Low
Maritime
CULTIVATION OF SUGAR CANE PLANTATIONS LAGS IN CUBA
Knight-Ridder Financial |
Cultivation of Cuba's freshly cut sugar cane plantations fell 32 percent behind schedule from Januar
D'AMATO CONFIDENT HIS IRAN-BAN BILL WILL PASS
Stephanie Nall |
Sen. Alfonse D'Amato, R-N.Y., told a State Department official Thursday that his legislation to ban
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