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NYMEX-IPE PLAN WOULD BE BOON TO OIL INDUSTRY
Sam Glasser |
The oil industry will have broader trading and arbitrage opportunities for refined products if new f
INTERNATIONAL BRIEFS
Wire and Staff Reports |
IGA PLANS TO OPEN GROCERY STORES IN JAPANIGA Inc., the country's fourth-largest retail food
Maritime
MACK WORKERS VOTE TO JOIN UAW
John Lippert |
In a victory that the United Auto Workers believes will slow the growth of low-wage, non-union autom
Trucking News
CHINA FAIR SHORTAGES IRK TRADERS
Gene Linn |
The Chinese Export Commodities Fair appears to have overcome a shortage of supplies and probably wil
Maritime
EGYPTAIR, EURALAIR ORDER JET ENGINES FROM P&W
Journal of Commerce Staff |
Pratt & Whitney has received orders and options worth up to $215 million for new jet engines from ai
Air Cargo
PRIVATIZATION ALIVE AND WELL ABROAD
(Ap) |
Back in the mid-1970s when Robert Poole Jr. was developing the notion of private enterprise being ab
US, JAPAN REACH ACCORD ON FIGHTER JET
From Wire and Staff Reports |
The United States and Japan have reached agreement to jointly produce Japan's new FSX fighter jet, a
JOURNAL OF COMMERCE INDUSTRIAL PRICE INDEX
JOC Staff |
Annual 1 Mo. 3 Mo. Daily Smoothed Ago Ago Year4/28 4/27 Ch
CHARTER INDEX
JOC Staff |
The weekly freight index of Maritime Research Inc. (January-December 1972 equals 100 percent) is as
Maritime
MAQUILADORA GROWTH HELPS SAN DIEGO SERVICE SECTOR
Carroll Doherty |
The rapid expansion of maquiladora plants in northern Mexico is fueling growth in the service sector
Maritime
CUBA, VENEZUELA RESTORE RELATIONS
From Wire Reports |
Cuba has restored full diplomatic relations with Venezuela with the designation of an ambassador to
Maritime
AVIATION BRIEFS
From Wire and Staff Reports |
NIPPON CARGO URGES END TO US SANCTIONSNippon Cargo Airlines Co. asked U.S. officials to gran
Air Cargo
US INVESTIGATORS PROBE CUSTOMS CHIEF'S CONDUCT
Chicago Tribune |
Federal investigators have uncovered evidence of possibly illegal budget practices and favoritism to
Maritime
PEOPLE - ENERGY
From Wire and Staff Reports |
AMERICAN ELECTRIC POWER CO. (Columbus, Ohio) - Ronald A. Petti was named to succeed Gene B. Hale, se
ELECTRONICS BRIEFS
From Wire and Staff Reports |
XEROX OFFERS 'QUIETEST' OF RIBBON TYPEWRITERSXerox Corp. chose National Secretary's Day to u
OUTBOUND AIR RATES TO CLIMB ON PACIFIC
Ira Breskin |
Air freight rates for export shipments to Asia probably are heading up across the board. Som
WHARTON CENTER PROBES HOW SOCIETY CAN MANAGE NATURAL, MAN-MADE RISKS
Paula L. Green |
Armed with a $1 million grant from the National Science Foundation, the Wharton Risk and Decision Pr
SIX PLEAD INNOCENT TO FRAUD
(Ap) |
Six people, including two lawyers and a doctor, pleaded innocent Thursday to a scheme that allegedly
FUNDAMENTAL FACTORS TRAP DOLLAR IN RANGE
Kevin Commins |
The dollar will continue to trade in a range until there is a marked change in U.S.economic fundamen
NEW ORLEANS TO DEMOLISH LANDMARK GRAIN ELEVATOR WILL CLEAR WAY FOR NEW WHARF
Journal of Commerce Staff |
The Port of New Orleans' Public Grain Elevator, a longtime landmark on the Mississippi River, will b
Maritime
TWO CHARGED IN ALLEGED BRIBERY SCAM
(Ap) |
Prosecutors say charges against a Food and Drug Administration chemist and adrug company exe
TRAFFIC BRIEFS
From Wire and Staff Reports |
TEAMSTERS RECOGNIZE OHIO OVERNITE WORKERSRICHFIELD, Ohio - Teamsters Local 24 has been certi
Trucking News
NIGERIA TO SHIFT FOCUS TO PROCESSED GOODS
Knight-Ridder Financial |
Nigeria will urge domestic enterprises to switch from the export of raw commodities, such as cocoa,
Maritime
PEOPLE - TRANSPORT
From Wire and Staff Reports |
CSL INTERMODAL (Hunt Valley, Md.) - Douglas M. Christy was named director, domestic containerization
Rail News
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
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