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TRADING PARTNERS CRITICIZE US
John Zarocostas |
Delegates from Japan and South Korea lashed out at the United States over its proposed unilateral ac
Maritime
MIDAMERICA REPORT
JOC Staff |
The Journal of Commerce publishes the MidAmerica Report every Thursday and MidAmerica news throughou
MIDAMERICA CALENDAR
JOC Staff |
Midwest Foreign Commerce Club dinner, May 22, Starlight Inn, Schiller Park, Ill. Speaker: H. Hilbrec
GM'S ROGER SMITH STANDS BY RECORD
(Interview with Paul Eisenstein, The Journal of Commerce |
Roger B. Smith has taken a critical roller-coaster ride since inheriting the General Motors Corp. ch
KRAFT GETS BIG RETURN ON COMPUTER INVESTMENT FOR ITS TRUCK FLEET
Anita Schrodt |
Kraft Inc. has spent $500,000 to install onboard monitoring computers in its food services division
TIGHT WORLD BEEF MARKET COULD BENEFIT EXPORTERS
Carolyn Glade-Dvorak |
Many major beef-producing countries are experiencing tight beef supplies, and this could lead to exp
ELECTRONICS BRIEFS
Wire and Staff Reports |
IBM UNVEILS SOFTWARE TO LINK COMPUTERSNEW YORK - International Business Machines Corp. has r
AVIATION BRIEFS
Wire and Staff Reports |
OPERATIONS REVISED AT EMERY WORLDWIDEPALO ALTO, Calif. - Emery Worldwide has reorganized int
Air Cargo
EASTERN SETS DEAL TO SELL 8 AIRCRAFT
Journal of Commerce Staff |
Eastern Airlines said it plans to sell eight aircraft for $150 million as part of its restructuring
Air Cargo
RICHARD MALKIN'S AIR CARGO FOCUS
Richard Malkin |
FOR JOHN C. SMITH AND MYSELF it is a kind of wrap-up interview. It didn't start out that way. But wh
Air Cargo
HIMONT CONFIRMS MALAYSIAN PP PLANS
P.T. Bangsberg |
Himont Inc. confirmed Tuesday plans to build and operate a joint venture polypropylene resin plant i
UPS SEEKS DELAY OF ROUTE ALLOCATION
Leo Abruzzese |
United Parcel Service Co. urged federal transportation officials to defer allocation of the U.S.-Jap
Air Cargo
MARITIME ADMINISTRATOR TO BE NAMED SOON, SKINNER SAYS
David F. White |
Secretary of Transportation Samuel K. Skinner said Tuesday his department is close to naming a new U
VENEZUELA PREPARES FOR GENERAL STRIKE
From Wire Reports |
Venezuela's first general strike in 30 years Thursday will gauge opposition to President Carlos Andr
CHEMICAL BRIEFS
Wire and Staff Reports |
HERCULES TO EXPAND PP FILM CAPACITYHercules Inc., Wilmington, Del., said it would expand pol
TRADE ASSOCIATION FORMS GROUP TO BACK POLAND PREFERENCE PUSH
Rosalind Rachid |
The American Association of Exporters and Importers has formed a special group among its members to
MARITIME BRIEFS
From Wire and Staff Reports |
MITSUI OSK BUYS HALF OF BURMAH OIL PROJECTMitsui O.S.K. Lines, the major Japanese shipping l
Maritime
INTERNATIONAL LOANS
- A Staff Report |
BOLIVIA - $72 million from the World Bank's International Development Association, comprising $35 mi
JAPANESE FIRMS PLAN TO BUY MORE US CHIPS
A.E. Cullison |
Several major Japanese electronics manufacturers announced plans Tuesday to increase purchases of U.
SDR RATES
JOC Staff |
The official IMF dollar rate for the special drawing right as measured by a basket of currencies den
FLASH! KEYSTONE EXPORTS CAMERAS TO THE JAPANESE NJ FIRM BUCKS IMPORT TREND
William Armbruster |
Ray Friant likes to recall the visit by a Japanese camera company executive to the Keystone Camera P
NEBELING MEMORIAL SERVICE SLATED TO BE HELD MONDAY
Journal of Commerce Staff |
A memorial service is scheduled Monday for Jacob Nebeling, a prominent shipping executive on the Wes
Maritime
MARITIME PANEL RESETS HEARING ON RATE RULES
Journal of Commerce Staff |
A House maritime subcommittee rescheduled a previously postponed hearing on domestic rate regulation
Maritime
EC LENDS GUYANA $35 MILLION
Knight-Ridder Financial |
The European Community has given Guyana a $35 million loan to help rehabilitate the state-owned baux
FOREIGN EXCHANGE
JOC Staff |
Quotations are offered rates of New York city banks relating to currency transfers of $1 million or
SCHNEIDER NATIONAL KEEPS TABS ON FLEET THROUGH SATELLITES
Anita Schrodt |
A large Wisconsin- based truckload motor carrier is in the midst of installing onboard computers for
Trucking News
PEOPLE - FINANCIAL
Wire and Staff Reports |
CHASE MANHATTAN BANK (New York) - Peter John Anderson was named president of the bank's Brazilian af
FINANCIAL BRIEFS
Wire and Staff Reports |
W. GERMAN RATES COULD RISE THURSDAYFRANKFURT, West Germany - A rise in West German interest
HANJIN GOT GOOD DEAL ON KOREA SHIPBUILDING ACCORD INCLUDES DEBT MORATORIUM
Hannah Moore |
Hanjin Group, the shipping and airline organization, cut a sweet deal with its purchase of debt-lade
Maritime
BALTIC FREIGHT INDEX
JOC Staff |
1749 (May 16, 1751) Previous day - 1749 The Baltic International Freight Futures Market in L
Maritime
ANALYSTS SEE MILDER FED STANCE
John Boyd |
Private analysts who track the Federal Reserve doubted that the central bank's policy panel was read
UK SEEKS ABOLITION OF COASTAL RESTRICTIONS
Janet Porter |
Britain is pressing the European Commission to liberalize coastal shipping within the European Commu
Maritime
COTTON SHIPPERS HIT PROPOSED RATE HIKES
Marie Prat |
U.S. cotton exporters are bristling over ocean carriers' proposals to increase freight rates in 1989
CHEAP FOREIGN CREDITS HARM US CHINA SALES
Richard Lawrence |
The United States is "losing" China once more, this time as an export market, a U.S. business spokes
FIRST ALTERNATIVE BANK GAINS IN W. GERMANY
Wire Reports |
At West Germany's first alternative bank, managers and clients wear blue jeans and gym shoes and sit
COST OF CREDIT
JOC Staff |
Tue., May 16, 1989 (Percentages Per Year)INTERNATIONAL INTEREST RATESCanada U.K
FREIGHT RATE FUTURES
JOC Staff |
May 16, 1989 Baltic International Freight Futures MarketPreClose High Low Vol.
Maritime
BRAZIL TO GAIN SOYBEAN RAILROAD
James Bruce |
A 90-year concession for a new railroad designed to speed exports from Brazil's leading soybean regi
Rail News
CORRECTION
JOC Staff |
Union Pacific Corp. has taken an option to buy the Iowa Interstate Railroad. The story correctly rep
Rail News
DOLLAR DROPS SLIGHTLY AS TRADERS PREPARE FOR US TRADE DATA
Knight-Ridder Financial |
The U.S. dollar declined slightly Tuesday, as dealers squared positions ahead of this morning's sche
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