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TRUCKING BRIEFS
From Wire and Staff Reports |
UAW Local Ratifies Contract With GMMembers of United Auto Workers Local 594 ratified a contr
Trucking News
BAYTREE CONTINUES TO WOO AILING AMERICAN CARRIERS
Leo Abruzzese |
Baytree Investors Inc. is continuing its pursuit of ailing American Carriers Inc., proposing a $15 a
Trucking News
MACK GIVES BIRTH TO 'BABY 8' TRACTOR
Michael S. Lelyveld |
Mack Trucks Inc. is betting that some of the big rigs of the future will be not so big. The
Trucking News
J.L. LEON DIES
Journal of Commerce Staff |
Funeral services will be held today in New York for John L. Leon, vice president and secretary-treas
Maritime
ARGENTINA HOPES TO EASE ITS HUGE DEBT BURDEN BY STRESSING EXPORTS
Mimi Whitefield |
Saddled with a $54-billion foreign debt and sinking international reserves, Argentina is putting new
Maritime
SHELL SUIT AGAINST INSURERS UNAFFECTED BY SETTLEMENT OF CASE IN COLORADO
Paula L. Green |
wAn agreement between the U.S. Army and Shell Oil Co. on the cleanup of a Colorado toxic waste site
CELEBRITY INSURANCE ADS CRITICIZED, BANNED IN WASH.
(Ap) |
In a move to crack down on misleading insurance ads, Washington State Insurance Commissioner Dick Ma
MEXICO POSTPONES ORDERS FOR COMMERCIAL AIRCRAFT
WILLIAM A. ORME Jr. |
While austerity measures will postpone commercial aircraft orders, new leasing arrangements appear t
Air Cargo
SINGAPORE LEADS IN ASIAN MOVE TO AUTOMATION
P.T. Bangsberg |
The concept of electronic data interchange, or EDI, as a means of improving trade flows has been gai
Air Cargo
RAIL BRIEFS
From Wire and Staff Reports |
Two With Suitor Firm Named to SFSP BoardSanta Fe Southern Pacific Corp. has appointed two ne
Rail News
HIMONT PLANS TO PURCHASE PLASTIC COMPOUNDING PLANT
Journal of Commerce Staff |
Himont Inc. signed a letter of intent to purchase Premium Plastics' 40- million-pound-capacity plast
INSURANCE EARNINGS A.L. WILLIAMS POSTS HIGHER NET
From Wire and Staff Reports |
The A.L. Williams Corp. reported that net income for the fourth quarter ending Dec. 31 increased to
FOUR ASIAN NATIONS PROTEST LOSS OF US PREFERENCES
A Staff Report. This article was reported by P.T. Bangsberg in |
East Asia's four Dragons - Hong Kong, Singapore, South Korea and Taiwan - stand to lose billions of
WORLD TODAY
From Wire and Staff Reports |
Railroad Labor, CSX Weigh Joint VentureRailroad labor and CSX Corp. are considering a joint
NOBODY TAKES BLAME FOR EXPORT FINANCE WOES
Mark Magnier |
Two percent ten is a phrase often used in the food export business to mean a 2 percent discount for
CHEMICAL BRIEFS
From Wire and Staff Reports |
Montedison Approves Merger Between UnitsMontedison SpA has approved the merger between Inizi
PRIVATE SPANISH TV STATION BROADCASTING FROM LONDON
(Ap) |
Channel 10, Spain's first private television station, began broadcasting Monday via satellite from L
BELLINGHAM AND SEATTLE VIE FOR FERRY BUSINESS
John Davies |
Having already lost two of the largest shipping lines hauling cargo to Alaska, the port of Seattle i
Maritime
WHITE HOUSE SAYS STATES RESPONSIBLE FOR UNINSURED
Leah R. Young |
States should be the ones to solve the problems uninsured and underinsured Americans, Dr. Otis Bowen
CHINESE SEEK COMPENSATION AS VICTIMS OF TOSHIBA BANS
Noel Fletcher |
Some Chinese companies are demanding millions of dollars worth of compensation from Japan because of
Maritime
NEBRASKA 'CLEAN' WHEAT SHIPMENT COULD HARVEST BUSINESS FOR US
(Ap) |
Fifty hopper cars of high-quality Nebraska wheat en route to Finland are being shipped from here in
Maritime
US TEXTILE SECTOR SEEKS CAP ON IMPORT GROWTH
Gary Aderman |
Representatives of the U.S. textile industry continue to spread their message at home and abroad tha
Maritime
RAIL LABOR GROUP AND CSX CONSIDER PURCHASING P&LE
Howard S. Abramson |
In what would be an unprecedented degree of cooperation, a major rail labor organization and CSX Cor
Rail News
SAVANNAH RECOVERS FROM USL LOSS
Craig Dunlap |
The port of Savannah hasn't died, but instead is recovering sufficiently to proceed undeterred with
Maritime
ARMY, SHELL TO PAY FOR ARSENAL CLEANUP
(Ap) |
The Army and Shell Oil Co. are to pay up to $1 billion to mop up chemical weapons waste and other da
FLA. LAWMAKERS CLOSER TO MALPRACTICE CURE
Paula L. Green |
Florida officials are optimistic that a solution to the medical malpractice insurance quagmire can b
COAL BRIEFS
From Wire and Staff Reports |
USSR Leases Space At US Mining ShowThe Soviet Union has leased 3,000 square feet of space to
UAE MINISTER PREDICTS OIL WILL HIT $18 A BARREL SOON
(Ap) |
Oil Minister Mana Saeed Otaiba was quoted Monday as saying that oil prices would reach OPEC's benchm
OMAN REDUCES OIL OUTPUT BY 5 PERCENT
(Ap) |
Oman ordered a 5 percent reduction in oil production Monday in support of an effort by the Organizat
NYMEX OIL PRICES WEAKEN ACROSS BOARD IN SLOW TRADING
Sam Glasser |
Oil prices weakened across the board on the New York Mercantile Exchange Monday in lackluster tradin
NYMEX LOWERS FUTURES MARGINS
Knight-Ridder Financial |
The New York Mercantile Exchange lowered margins for crude oil, heating oil, gasoline and propane fu
EC TAKES LAST STAB AT FINANCIAL AGREEMENT
(Ap) |
Foreign ministers of the European Community, seeking to lay the groundwork for an EC summit next wee
Maritime
LYNG MAY FIND ASIAN FOOD SALES TOUGH
P.T. Bangsberg |
Agriculture Secretary Richard Lyng begins a series of talks today with leaders from Asia, the marke
AVIATION BRIEFS
From Wire and Staff Reports |
Boeing Flight Breaks World Speed RecordA Boeing jumbo jet that slashed eight hours off the s
Air Cargo
CHEMICAL MARKETS SYNTHETIC HIKES STEARATE PRICES
Journal of Commerce Staff |
Synthetic Products Co. is increasing the price of dry metallic stearates by 5 cents a pound, and rai
SDR RATES
JOC Staff |
The official IMF dollar rate for the special drawing right as measured by a basket of currencies den
FED PERFORMED WELL IN STOCK MART CRISIS
Albert L. Kraus is editor emeritus of The Journal of Commerce. |
Cataclysmic events like the stock market crash of last Oct. 19 produce a few heroes as well as many
INDUSTRIAL PRICE INDEX
JOC Staff |
THE JOURNAL OF COMMERCE Daily Industrial Materials Price Index of Sensitive Spot Commodity Prices on
STANZA: ADMIRABLE ASSETS THAT DON'T TRANSLATE INTO SALES
Al Haas |
The intelligence and expertise of a lot of bright people go into making a new car. Discussion, resea
HONG KONG BECOMES LEADING BOXPORT
P.T. Bangsberg |
Container cargo volume at the port of Hong Kong soared 25 percent last year to the equivalent of mor
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