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Commentary
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Platts Containers Update
FED REPORT IS MIXED DOLLAR DECLINES
Kamran Pasha |
The U.S. dollar hovered near 1.39 deutsche marks on Wednesday and slipped below that level in aftern
STEEL IMPORTS FORECAST TO FALL AS EXPORTS RISE
Paula Green |
The head of a major steel association predicted that steel imports will decline as exports increase
DUTCH INDUSTRIES SEE OUTPUT DROP
Knight-Ridder Financial |
Dutch industrial production fell 3.6 percent in April from March because to reduced natural-gas outp
INDONESIA WINS LOAN TO ASSIST TELECOM WORK
Reuters |
The World Bank has approved a $325 million loan to help Indonesia modernize its telephone system.
Maritime
FEAR OF CRIME, RECESSION SPANS GLOBE, SURVEY FINDS
Gordon Platt |
Crime and the economy are the issues of greatest concern around the world, according to the largest
Maritime
US, CANADA APPEAR TO HAVE COME TO TERMS OVER BROADCASTING DISPUTE
John Maggs |
A deal appeared likely Wednesday to avert U.S. trade action against Canada in a contentious dispute
Maritime
CORRECTION
JOC Staff |
The headline on a story about Malaysia, appearing on Page 3A in Wednesday's edition, should have ref
Maritime
QUOTE TO NOTE ON ST. LAWRENCE SEAWAY:
_ David G. Sanders |
"Without a safe and reliable system, there is no way for us to improve our competitiveness."
Maritime
INFRASTRUCTURE CAN BE WEAK LINK IN INTERMODAL CHAIN
Rip Watson |
Intermodal transportation is designed to yield benefits for customer and carrier alike by combining
SACHS CALLS ON IMF TO CONFER WITH RUSSIA ON RUBLE'S FUTURE TIGHT-BUDGET POLICY AT ISSUE
Michael S. Lelyveld |
As Russia's ruble jumped in value again this week, a leading U.S. economist called on the Internatio
Maritime
INSURANCE BRIEFS
Wire and Staff Reports |
RATINGS OF FRANKONA PUT UNDER REVIEWOLDWICK, N.J. - A.M. Best Corp. placed under rev
UPS ALONE ON 28-FOOT CONTAINERS
Chris Isidore |
The 28-foot container right now only fits one company, although it's a big one - shipping giant Unit
CONTAINER LEASING RATE RISES AS TRAFFIC WITH FAR EAST BOOMS
Russ Banham |
Ocean carriers are leasing more containers than they have in years, a result of increased ocean traf
EAST-WEST TRADE CARRIES MOST CONTAINER TRAFFIC
Bill Mongelluzzo |
Maritime industry analysts who are asked to define the three most important qualities necessary to b
LESSORS WANT TO SEE BOX RATES GO HIGHER
Peter M. Tirschwell |
Leasing rates on marine containers are up 3 percent to 7 percent on average since last summer and ar
INSURERS FACE PROFIT POTHOLES IN GROWING ASIA AUTO MARKET
Reuters |
Asia's US$5 billion car insurance industry will double by the year 2002, but insurers face a bumpy r
LOUISIANA TOUTS INTERMODAL PORT DEVELOPMENT PLAN
Maria Carlino |
With interstate and international trade growing, tourism in the state capital of New Orleans on the
APPEALS COURT RULES FORD CAN SUE INSURERS IN CALIF.
Margo D. Beller |
Ford Motor Co. will be allowed to continue its lawsuit against several insurance companies for envir
CARRIER EXECS WATCH BRISK TRADE GROWTH WITH CAUTION
Montieth Illingworth |
Economists believe that worldwide trade levels will grow briskly for at least the next five years an
NEW USES FOUND FOR BOXES
Gregory S. Johnson |
One thing you can say about the trusty freight container - they sure are useful. Besides car
CATASTROPHIC OPTION CALL SPREADS
Chicago Board of Trade |
For quotes on National, Midwestern or other markets, call the CBT trading floor during trading hours
WASH. INVESTIGATORS RECOVER $1.7 MILLION
JOC Staff |
Investigators for the Washington state Insurance Department have recovered more than $1.7 million fr
IOWA CORN-YIELD CONTRACT PICKING UP STEAM AT CBT NEW MARKET OFFERS FARMERS A SAVINGS
HELEN R. MacLEOD |
Three weeks into trading, the new Chicago Board of Trade's Iowa corn-yield futures contract is repor
AIR CARGO CARRIERS, ANALYSTS WARM UP TO POOLING PLAN FOR CONTAINERS, PALLETS
William Armbruster |
An effort to help airlines cut the cost of their cargo operations by pooling containers and pallets
BOXED CARGO SPURS NEW WAREHOUSING IN DEVELOPING NATIONS
Doug Harper |
Throughout much of the less-industrialized world, privatization and creeping capitalism all spurred
PEOPLE - INSURANCE
Wire and Staff Reports |
AETNA INTERNATIONAL INC. (Hartford, Conn.) - Frederick C. Copeland Jr., was named president of Aetna
TRADE DEFICIT WIDENS 11.3 PERCENT IN PHILIPPINES
Knight-Ridder Financial |
The Philippines' trade deficit widened 11.3 percent, to $2.75 billion in the first four months of 19
Maritime
CONRAIL SETTLES FEDERAL SUIT OVER PHILADELPHIA ASBESTOS
Journal of Commerce Staff |
Conrail Inc. has paid $800,000 to settle a suit brought by the U.S. Environmental Protection Agency
MEXICO DETAILS PLAN TO DIVIDE AND SELL NATIONAL RAILROAD
Kevin G. Hall |
Transport officials in Mexico have spelled out the specifics of their plan to privatize and divide t
RHODE ISLAND BRIDGE REPAIRS TO COST AT LEAST $75 MILLION
Associated Press |
Repairing the four crumbling bridges that are part of the heavily traveled Providence section of Int
PEOPLE - TRANSPORT
Wire and Staff Reports |
RAILAMERICA INC. (Alexandria, Va.) - Harry L. Zerbe III was named manager director of this short-lin
TRANS-ATLANTIC VEHICLE SHIPMENTS SURGED LAST YEAR, WALLENIUS SAYS
Janet Porter |
The volume of cars and trucks shipped both ways across the Atlantic grew substantially last year. Bu
Maritime
CZECH REPUBLIC AVERTS RAIL STRIKE AS LAST-MINUTE TALKS YIELD PACT
The Journal of Commerce |
After a dramatic late-afternoon meeting with government representa- tives, Czech rail workers Wednes
TRANSPORT BRIEFS
Wire and Staff Reports |
EU COMMISSION CLEARS AIR FRANCE SUBSIDYThe European Commission Wednesday cleared a 5 billion
CORRECTION
JOC Staff |
The story headlined "High Court Ships US Cargo Claims to Foreign Forum," on Page 1A Wednesday, shoul
Maritime
RAILS EXPAND, BARGES SLIP IN SHIFT TO WESTERN COAL
Paul F. Conley |
The growing shift to the use of Western coal is firing up capital investments in railroads. However,
HOWLAND HOOK'S MUD MAY FIND A HOME IN UTAH
Alan Abrams |
After running into fierce environmentalist opposition to using dump sites in New York and Connecticu
Maritime
SUMMER SLUMP, SHIPBUILDING BOOM PUT PRESSURE ON DRY-BULK RATES
Alan Abrams |
Bulk shipowners have been enjoying a boom for well over a year now, that saw rates as much as double
MARITIME BRIEFS
Wire and Staff Reports |
MONTREAL'S DOCKERS LIKELY TO BACK PACTMONTREAL - The Port of Montreal's 900 longshor
Maritime
SALE OF WIGHTLINK FERRY UNIT BOOSTS SEA CONTAINERS EARNINGS
Journal of Commerce Staff |
Sea Containers Ltd., the ferry, tourism and container-leasing company based in Bermuda, reported sig
Maritime
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