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SDR RATES
JOC Staff |
The official IMF dollar rate for the special drawing right as measured by a basket of currencies den
FPL GROUP'S DEBT RATINGS DOWNGRADED
Journal of Commerce Staff |
Florida Power & Light Co.'s senior secured debt rating was lowered to A+ from AA- and senior debt an
BRITISH AIRWAYS BUYS 40 PERCENT STAKE IN FREIGHT AGENT
Journal of Commerce Staff |
British Airways has taken a 40 percent stake in Dunwoody Airline Services, a small Midlands-based ag
Air Cargo
MCI TO OFFER CHEAPER OFF-HOURS CALLING
(Ap) |
MCI Communications Corp. has unveiled a plan that allows residential phone users to make interstate
US FLEET HAILS CARGO WINDFALL FROM DEFENSE
WILLIAM DiBENEDETTO |
Buried in a package of Defense Department procurement rule changes is a cargo preference item worth
FREIGHT FUTURES
Barry Parker |
The freight futures market started to firm toward the end of last week as it became evident that the
Maritime
TVA BUYS COAL FROM ARCH
Journal of Commerce Staff |
The Tennessee Valley Authority said it bought 40,000 tons of coal from Arch ofKentucky, Pitt
KEPPEL SLASHES DEBT
P.T. Bangsberg |
Keppel Corp. Ltd., the state-owned Singapore conglomerate, expects to clear a backlog of debt within
Maritime
COMMODITY BRIEFS
Wire and Staff Reports |
US INCREASES LIMITS ON GRAIN TO SOVIETSExport bonus subsidies were not included in the agree
TACOMA INKS PACT WITH UNION PACIFIC
John Davies |
Rapid growth in container volume through the Port of Tacoma has led to a formal agreement for Union
Rail News
FORMER LONG BEACH DIRECTOR TAKES SHIP CONSULTING JOB
Journal of Commerce Staff |
James H. McJunkin, who is ending a 25-year career with the Port of Long Beach, Calif., has accepted
Maritime
EC MAKES PLANS TO AVOID THE PITFALLS OF DEREGULATION
(Ap) |
The European Economic Community will not make the same errors the United States did when it deregula
Air Cargo
NEWS SUMMARY
JOC Staff |
* John Boyd - Economic Beat 3A * JofC Industrial Price Index: Cotton 6A* Kevin Commins - Cur
INSURER SHIFTS FOCUS TO TRADITIONAL WARES
Larry Fish |
After having shed its retail stock brokerage and its large-group medical insurance, and throttling b
US FORECASTS BIGGER SURPLUS IN MEDICARE'S CATASTROPHIC COVER
Knight-Ridder Newspapers |
Treasury Secretary Nicholas F. Brady said that new government estimates project a bigger surplus tha
MOBIL AGREES TO SELL ASSETS IN SOUTH AFRICA TO GENCOR
Journal of Commerce Staff |
Mobil Corp., the biggest U.S. company still in South Africa, announced Friday it agreed to sell all
INDONESIA SEEKS FRESH INVESTMENT IN CHEMICAL SECTOR
P.T. BANGSBERG Journal of Commerce Staff |
Investment of more than US$6 billion will be needed in the Indonesian chemical industry over the nex
EXPORT OPPORTUNITIES
US Department of Commerce |
Trade leads supplied by: US Department of Commerce , U.S. and Foreign Commercial Service, Room HCHB
Maritime
PRICE INDEX TURNS DOWN ON WEAKER OIL PRICES
Howard Simon |
The Journal of Commerce Industrial Price Index turned down last week from its record high, reflectin
BALTIC FREIGHT INDEX
JOC Staff |
1629 (Apr. 28, 1989) Previous day - 1624 The Baltic International Freight Futures Market in
Maritime
BEEF EXPORTS RISE IN ARGENTINA
Knight-Ridder Financial |
Argentina exported 319,400 metric tons of fresh, canned and cooked beef in 1988, up from 286,900 in
Maritime
PATENT FRENZY HITS SOFTWARE FIRMS
Rory J. O'connor |
The patent wars may be upon us. During the past few months, many software industry insiders
LARRY KAUFMAN'S INSIDE TALK ON RAILROADS
Larry Kaufman |
THE KABUKI DANCE between railroads and grain shippers continues. The two sides, almost completely in
Rail News
THE ECONOMY
From Wire Reports |
LEADING INDICATORS FALL FOR SECOND MONTHThe Index of Leading Indicators, the government's ma
JAPAN SEEKS NEW SOURCES OF LOW-SULFUR CRUDE OIL
Knight-Ridder Financial |
Rising electricity demand and a shortage of low-sulfur oil supplies from Southeast Asian oil-produci
ELECTRONIC LINK EYED BY GERMAN, NEW YORK PORTS
Erich Toll |
The Port of Bremen/Bremerhaven is exploring the possibility of establishing an electronic link with
PORTS TOLD TO PLAN FOR LARGER SHIPS
Jon Jacobs |
Port directors were urged Friday to anticipate rapid volume growth, larger containerships, and coord
ARE GERMAN EXPORTERS TURNING 'EUROCENTRIC' AS 1992 NEARS?
Erich E. Toll |
For years, it has not been unusual to find Beck's beer on a Bali beach, a Mercedes-Benz on a Saudi A
RELIANCE NET ROSE IN FIRST QUARTER
Journal of Commerce Staff |
Reliance Group Holdings Inc. Friday reported that net income for the first quarter ending March 31 w
AGRICULTURAL TRADE LEADS
Supplied by the US Department of Agriculture |
Trade leads are supplied by: US Department of Agriculture, Foreign Agricultural Service Agri
Maritime
FOREIGN EXCHANGE
JOC Staff |
Quotations are offered rates of New York city banks relating to currency transfers of $1 million or
STEAMBOAT GETS WATERCOM PHONES
Journal of Commerce Staff |
The steamboat Mississippi Queen, owned and run by the Delta Queen Steamboat Co. of New Orleans, La.,
Maritime
GLORIA JOSEPH'S INSIDE TALK ON SHIPPING
Gloria Joseph |
CAPT. MANFRED STEINER knows the gargantuan Port of Hamburg like the back of his hand. The crew-cut f
Maritime
ICC'S PHILLIPS WANTS STAGGERS ACT REVIEW
Leo Abruzzese |
The Interstate Commerce Commission should thoroughly review its implementation of railroad deregulat
Rail News
GAO BLASTS RAILROADS ON SAFETY RECORDS
Journal of Commerce Staff |
The General Accounting Office sharply criticized several of the nation's largest railroads for faili
ENERGY BRIEFS
From Wire and Staff Reports |
UMW OKS MEDIATION IN PITTSTON STRIKEThe United Mine Workers of America said Friday it would
AMERICA WEST CHIEF WARNS OF RE-REGULATION
(Ap) |
Re-regulation is a real prospect facing the domestic airline industry if current trends continue una
Air Cargo
LYNDEN AIR TRANSPORTS ART AROUND THE WORLD
Paula Mate |
What do actor Anthony Quinn, New York's Guggenheim Museum and Picasso have in common with Hawaiian h
Air Cargo
INSURERS MAY ADOPT GLOBAL EDI QUICKLY
Tony Seideman |
Transforming the insurance industry's electronic language to match global standards may not be so to
GULFPORT SLASHES RATES ON RELIEF CARGO
Marie Prat |
The Port of Gulfport is entering the battle for government relief cargoes. Effective today,
Maritime
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