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WEEKLY TRUCK TONNAGE INDEX
JOC Staff |
The following index charts weekly changes in motor carrier tonnage originatingfrom 49 produc
Trucking News
FREIGHT RATE FUTURES
JOC Staff |
May 26 Baltic International Freight Futures ExchangePrev.Close High Low
Maritime
FUTURE CARS TO TAKE NEW DIRECTION?
(Ap) |
A University of Michigan engineering professor says automobiles of the future will feature electroni
BRAZILIANS EXPECT CREDIT COST RISE
James Bruce |
Brazil's trade problems are likely to get even worse in the wake of Citicorp's decision last week to
Maritime
NEWS SUMMARY
JOC Staff |
GENERAL NEWS A mammoth optical-fiber cable system to link the United States to Asia is under
Maritime
FEDERATED GROUP POSTS MAJOR LOSS
JOC Staff |
Federated Group, a chain that sells stereos, televisions and other consumer electronics, has reporte
CORRECTION
JOC Staff |
General Re Corp. is not the subject of a criminal investigation into an alleged antitrust conspiracy
INDONESIA SIGNS UP 3RD US COMPANY FOR '87
P.T. Bangsberg |
A U.S. oil major Tuesday signed a production-sharing contract with Indonesia, the third to do so thi
INDONESIA'S SUBROTO SEES FIRM MART
(Ap) |
Mines and Energy Minister Subroto said Tuesday demand for the Organization of Petroleum Exporting Co
ENERGY BRIEFS
Wire and Staff Reports |
Consumers Reorganizes Into Holding CompanyJACKSON, Michigan - Consumers Power Co., Michigan'
SOVIET FOOD WOES PERSIST
JOC Staff |
Despite improvements in food processing and storage, up to 20 percent of all food products still spo
Maritime
HIGH COURT RULES US LAW CONTROLS SUITS ON SAFETY
Leah R. Young |
The Supreme Court ruled that federal labor law, not state tort law, controls suits by workers agains
HOME SALES SLIPPED 1.4 PERCENT
(Ap) |
Sales of existing homes edged down 1.4 percent in April, a private real estate group said. T
JAPAN'S NET FOREIGN ASSETS SOAR
A.E. Cullison |
Japan's net foreign assets skyrocketed to an unprecedented high of $180.4 billion last year, officia
TECHNIQUE EXPEDITES HONG KONG PORT JOB
P.T. Bangsberg |
One of two major projects to expand Hong Kong's containerport is running ahead of schedule, thanks t
US SPRINT BETS ON FIBER OPTICS
Chicago Tribune |
Charles Skibo, the president of US Sprint Communications Co., is riding on a lightwave of optimism t
US JONES ACT HIT IN CANADA
Leo Ryan |
Quebec Foreign Trade Minister Pierre MacDonald struck out against the Jones Act, which limits U.S. d
Maritime
BRAZIL MAY NEED $7 BILLION IN '87
James Bruce |
Unconfirmed central bank reports indicate Brazil will need $7 billion worth of new loans or refinanc
SEARLE LICENSES NEW DRUG FROM JAPANESE COMPANY
Journal of Commerce Staff |
G.D. Searle & Co. has licensed a new drug from Hokuriku Seiyaku of Japan that will compete in the gr
TRUCKING BRIEFS
From Wire and Staff Reports |
TNT to Purchase Red Star Express LinesDes Plaines, Ill.- TNT Limited, one of the world's lar
Trucking News
SENATOR SAYS US WON'T PUT UP WITH ARMED RAIDS ON ITS SHIPS
(Ap) |
A U.S. senator investigating Iraq's raid on the USS Stark said the United States will not tolerate a
Maritime
BALTIC FREIGHT INDEX
JOC Staff |
1079.0 (May 26) Previous day - 1083.5 The Baltic International Freight Futures Exchange in L
Maritime
BATAM ISLAND LURES US INVESTORS
Gordon Platt |
Indonesia has spent $200 million since 1979 to develop the infrastructure of Batam Island, a free tr
Maritime
FORCES FOSTER MANY CHANGES IN MARINE MART
Journal of Commerce Special |
The continued depression in the shipping industry, changes in world trading patterns and increased c
ENERGY BRIEFS
Wire and Staff Reports |
OPEC Chief Says Oil Stable at $18 a BarrelLAGOS, Nigeria - The Organization of Petroleum Exp
US, CHINA READY 1ST COPTER PLANT
P.T. Bangsberg |
The first Sino-American joint venture to manufacture helicopters should begin production next month,
Maritime
EXPORT BRIEFS
Wire and Staff Reports |
Commerce Fines Illinois Firm $41,500The Commerce Department imposed a $41,500 civil penalty
Maritime
CEREMONY SALUTES SAILORS LOST AT SEA
James Nolan |
The saluting cannon sent its sharp report across the East River from a pier head in the old Brooklyn
Maritime
INVESTOR GROUP PLANS TO TAKE OVER ALLEGIS
(Ap) |
An investor group led by Coniston Partners said it had acquired a 13 percent stake in Allegis Corp.,
Air Cargo
MEXICO MAY WIDEN DEBT SWAP PROGRAM
WILLIAM A. ORME Jr. |
Mexican finance officials said they are designing mechanisms to allow Mexican nationals to participa
COMP COST HIKE OPPOSED
(Ap) |
California employers are opposing a new request for a 12.2 percent rate increase for state workers c
CHINA EXPERIMENTING WITH BANKRUPTCY
Noel Fletcher |
The auctioneer's hammer is falling on debt-ridden companies in Liaoning as the Chinese experiment wi
BLANCHARD PREDICTS $700 PLATINUM BY JULY
Journal of Commerce Staff |
Platinum prices should top $700 an ounce by July, according to James U. Blanchard, chairman of Blanc
SDR RATES
JOC Staff |
The official IMF dollar rate for the special drawing right as measured by a basket of currencies den
BOFA MAY SEEK HELP FROM JAPANESE BANKS
A.E. Cullison |
BankAmerica Corp. Chairman A.W. Clausen will seek Japanese financial assistance next week for fundin
MARITIME BRIEFS
From Wire and Staff Report |
Freight Conference Files Tariff with FMCThe U.S. Atlantic-North Europe Freight Conference ha
Maritime
COLOMBIA MAY FACE CRACKDOWN BY FMC
Robert F. Morison |
The U.S. Federal Maritime Commission warned Colombia that its major carrier, Flota Mercante Grancolo
Maritime
FAA APPROVES PLAN TO CHART ROUTES
(Ap) |
The Federal Aviation Administration has approved a plan to chart recommended arrival and departure r
Maritime
EC HAS HAD ENOUGH, WARNS JAP AN ON TRADE
Bruce Barnard |
The European Community is taking action to trim its soaring trade deficit with Japan and nip in the
Maritime
INTERNATIONAL BRIEFS
From Wire and Staff Reports |
Mitsubishi Computer Planned for Space UseMitsubishi Electric Corp., a leading Japanese elect
Maritime
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