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UP REJECTS $1.9 BILLION BID FOR PART OF SP \ EACH SIDE CLAIMS SHIPPER SUPPORT
Rip Watson |
Union Pacific Corp. rejected Conrail's sweetened $1.9 billion offer to purchase a key portion of Sou
WASTEPAPER MOVEMENT
WILLIAM DiBENEDETTO |
You can read wastepaper exports like pulp fiction.The story line is almost always the same.R
FOREIGN EXCHANGE
JOC Staff |
The New York foreign exchange rates below, provided by Reuter Money Service, are selling rates among
COST OF CREDIT
JOC Staff |
Friday, June 7, 1996(Percentages Per Year) INTERNATIONAL INTEREST RATESCanada
BIG GAIN IN JOBS EXPECTED TO FEED FURTHER RALLY IN DOLLAR, ANALYSTS SAY
Gordon Platt |
The eye-popping increase in jobs last month has reawakened fears of a rise in U.S. interest rates as
BALTIC FREIGHT INDEX
Journal of Commerce |
The Baltic Freight Index is a daily indicator of world bulk shipping freight rate levels.
REPAIRS CREATE BACKLOG AT CANAL OF 15-TO-20 DAYS
Tom Baldwin |
The Panama Canal Commission says it will take 15-to-20 days to drain off the backlog of ships delaye
CHARTER INDEX
JOC Staff |
The weekly freight index of Maritime Research Inc. (January-December 1972 equals 100%) is as follows
BRIEFS
From Wire and Staff Reports |
BILL BACKED TO AIDALAMEDA CORRIDORLOS ANGELES - A bipartisan group of House and Senate leade
JOFC BUYS AIR CARGO MAGAZINE FROM K-III
JOC Staff |
Air Cargo World, a 54-year-old monthly magazine, has been acquired by The Journal of Commerce Inc.,
SHIP RATING GROUPS DEBATE HOW TO LOAD BULK CARRIERS
Janet Porter |
Two leading ship classification societies are at odds with each other about the best way to load bul
PORT SEEKS OPERATOR FOR STATEN ISLAND RAIL
Gregory S. Johnson |
The Port Authority of New York and New Jersey, after several fits and starts, plans next month to se
MALL TO TOP NJ DREDGE WASTE
Ravi Nessman |
Government officials have come up with a truly New Jersey solution for disposing of contaminated sil
MARYLAND OKAYS PLAN TO EXPAND CONTAINMENT SITE NEAR PORT OF BALTIMORE
Journal Of Commerce Staff |
Maryland has approved the enlargement of a containment site near Baltimore that will meet the port's
JOURNAL OF COMMERCE INDUSTRIAL PRICE INDEX
The Center for International Business Cycle Research at |
(1)SPOT PRICE INFLATION RATE, SMOOTHED, ANNUALIZED, June 9, '95, - June 7, '96 (a graph)(2)D
OVERSEAS AID UP 9 PERCENT FOR JAPAN
Reuters |
Japan's official development assistance increased to $14.7 billion in 1995, up about 9 percent from
Maritime
BRIEFS
From Wire and Staff Reports |
WISCONSIN CENTRAL TAKINGCHARGE OVER CSXT RULINGROSEMONT, Ill. - Wisconsin Central Transporta
BALTIC FREIGHT INDEX
JOC Staff |
1322 (June 7, 1996) Previous day - 1331The Baltic International Freight Futures Market in Lo
PARALLEL MARKET FOREIGN EXCHANGE RATES*
Currency Data & Intelligence Inc., New York. |
AS OF APRIL 30, 1996Parallel Market Foreign Exchange Rates are based on unofficial, non-docu
SHIP FIXTURE BREAKDOWN
Ship fixtures are a product of Knight-Ridder Financial, TNT, |
GLOSSARYAR: American Tanker RateSchedule RevisedRS: American Tanker Rate Schedule
ON THE WATERFRONT - RICHARD COLLINS \ WITH 40 YEARS OF CONTAINERS BEHIND US, WHAT DOES FUTURE HOLD?
Richard Collins |
We have all read about the recent events celebrating the 40th anniversary of the first sailing of a
BRIEFS
From Wire and Staff Reports. |
TOYOTA EXPANDSCOMPONENT PLANTLONG BEACH, Calif. - Toyota Motor Sales U.S.A. completed an $18
Maritime
SMALL RAILS CAN PURCHASE SHORT LINES WITHOUT NOTICE
Journal Of Commerce Staff |
The Surface Transportation Board has given the go-ahead to small railroads to purchase other short-l
WEAKER DOLLAR HELPS BOOST US EXPORTS, BIS REPORTS
John Zarocostas |
A gain in U.S. competitiveness linked to the depreciation of the dollar was instrumental in generati
Maritime
PAKISTANI PLAN TO BOOST INDIAN TRADE COULD ALSO EASE POLITICAL TENSIONS
N. Vasuki Rao |
Pakistan's decision to expand trade with India will not only benefit industry in both countries but
Maritime
COMMERCE REORGANIZES TO OFFER MORE HELP TO EXPORTERS, IMPORTERS
Richard Lawrence |
The Commerce Department is promising more help for U.S. exporters and possibly importers with the re
Maritime
FREIGHT RATE FUTURES
JOC Staff |
June 7, 1996Baltic International Freight Futures Market Prev.Close High Low
MAJOR GAINS AND DECLINES IN CARLOADINGS
JOC Staff |
Three weeks ended June 1, 1996, vs. similar 1995 periodCars Cars Loaded Loaded
QUOTE TO NOTE
Philip Feigin |
''This is not a case you can follow with a calendar. You need a watch, and the watch has to have a s
Maritime
GASOLINE PRICES
JOC Staff |
June 7, 1996RESELLER RACK Unleaded Mid- Premium-Unlea
WEEKLY RAIL FREIGHT REPORT
JOC Staff |
For the week ended June 1, total piggyback freight hauled on the nation's major railroads equaled 13
NEW HAVEN RESIDUAL FUELS
JOC Staff |
June 7, 1996No. 4/ No. 6/ No. 6/1% 1% 0.5%Bu
SPOT COMMODITIES
JOC Staff |
June 7, 1996Included are list prices of suppliers. Quotations do not necessarily represent p
LONDON OIL FUTURES
JOC Staff |
International Petroleum ExchangeJune 7, 1996 Brent Crude Oil - (Dollars Per Barrel)
NEW YORK OIL FUTURES
JOC Staff |
New York Mercantile Exchange - June 7, 1996Prev. Life of Contr. Open Open High Low
BRIEFS
From Wire and Staff Reports |
COFFEE GROUP TO MULLEXTENDED REGISTRATIONSBOGOTA, Colombia - The Colombian Coffee Federation
DAILY PETROLEUM PRICES
JOC Staff |
Friday June 7, 1996Prevailing sellers' posted prices at the close of business, representing
OPEC HANGS ON, A MERE SHADOW OF ITS FORMER SELF
Nicholas Moore |
The OPEC that gathered in Vienna last week for its 100th ministerial conference was a shadow of the
BRIEFS
From Wire and Staff Reports |
CHAMBER URGES INDIATO HONOR ENRON ACCORDNEW DELHI - The Federation of Indian Chamber of Comm
NEWSPRINT: US WATERBORNE EXPORTS
Compiled by the Journal of Commerce from database of Port |
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