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JoC Online Daily E-mail Newsletter Friday Edition October 26, 2001 Armed Forces Day (Benin) www.joc.com =================================================== Take the Daily Quiz, sponsored by APL. Which country exported the most goods in terms of value to Pakistan in 2000? Click on http://news.joc.com/cgi-bin7/flo?y=eDWI0BejkZ0n50PuU0AU =================================================== TODAY'S TOP HEADLINES: * Bailout helps Northwest into black * Suspected hijacker discovered in container * Canada to pre-clear U.S. goods * Hong Kong hints at opens skies * Port security an all-hands effort: CG official * DOT sets procedures for airlines payments * Stolt, others form chem tanker pool * S&P affirms PSA rating * Vastera loss widens, but revenue soars * Massport director resigns * Pakistan presses insurers to drop war-risk surcharge * Brazil will write off Santos port debt * ValuShip names Norton Lilly agent * Europe View: Railways still on the dole * JoC Week Special Report: Cargo security =================================================== ADVERTISE IN THE ONLY MEDIUM THAT IS SPECIFIC TO YOUR INDUSTRY! Subscribers rely on the Transportation Telephone Tickler as the only source to find the geographic and alphabetical listings on over 20,000 companies. The deadline to advertise in the National Edition is November 30th. The advertising benefits are endless. Call (800) 222-0356 or visit http://news.joc.com/cgi-bin7/flo?y=eDWI0BejkZ0n50QfI0A3 for more information. Mention Code ENL1. =================================================== BAILOUT HELPS NORTHWEST INTO BLACK The airline posted a profit of $19 million in the third quarter, thanks to $249 million in aid. http://news.joc.com/cgi-bin7/flo?y=eDWI0BejkZ0n50RRd0AC SUSPECTED HIJACKER DISCOVERED IN CONTAINER Italian authorities arrested a stowaway in a container furnished with a bed, toilet and electronic gear. http://news.joc.com/cgi-bin7/flo?y=eDWI0BejkZ0n50RRe0AD CANADA TO PRE-CLEAR U.S. GOODS ' Electronic processing will replace paper records and inspections for low-risk goods entering at land border crossings. http://news.joc.com/cgi-bin7/flo?y=eDWI0BejkZ0n50RRf0AE HONG KONG HINTS AT OPENS SKIES In a reversal of long-standing policy, Hong Kong has agreed in principle to open up its aviation market. http://news.joc.com/cgi-bin7/flo?y=eDWI0BejkZ0n50RRg0AF PORT SECURITY AN ALL-HANDS EFFORT: CG OFFICIAL A Coast Guard official said that port security will be the responsibility of all people involved in the port environment. http://news.joc.com/cgi-bin7/flo?y=eDWI0BejkZ0n50RRh0AG DOT SETS PROCEDURES FOR AIRLINES PAYMENTS The U.S. Department of Transportation has announced procedures for air carriers to use in applying for the additional compensation available under a program to compensate airlines for their losses resulting from the Sept. 11 terrorist attacks. http://news.joc.com/cgi-bin7/flo?y=eDWI0BejkZ0n50RRi0AH STOLT, OTHERS FORM CHEM TANKER POOL The joint venture would combine European chemical tanker coastal fleets. http://news.joc.com/cgi-bin7/flo?y=eDWI0BejkZ0n50RRj0AI S&P AFFIRMS PSA RATING The agency said the terminal operator's long-term outlook is stable despite reports that Evergreen Marine Corp. would shift its transshipment hub from Singapore to Malaysia. http://news.joc.com/cgi-bin7/flo?y=eDWI0BejkZ0n50RRk0AJ ==================ADVERTISEMENT==================== 2-day seminar opportunity with low in-season rates sponsored by National Cargo Security Council and DSI Security, November 14-16, Radisson Mart Plaza, Miami, FL. During the recent horrific times, one of the many questions that has surfaced is "Taking Responsibility". Over 20 speakers on such subjects as "Who Is Responsible In Your Company," "Interfacing with Law Enforcement," "Reducing Loss Exposure," and many other important cargo security topics will be presented. Pending Senate port security bill will be examined in detail. Exhibit hall included. Reasonable registration fee of only $199. Contact NCSC at ncsc@cargosecurity.com. =================================================== VASTERA LOSS WIDENS, BUT REVENUE SOARS The cross-border trade management software and services company reported a third-quarter net loss of $9.9 million. http://news.joc.com/cgi-bin7/flo?y=eDWI0BejkZ0n50RRl0AK MASSPORT DIRECTOR RESIGNS Virginia Buckingham resigned just weeks after hijackers at the agency's Logan International Airport boarded two planes that crashed into the World Trade Center. http://news.joc.com/cgi-bin7/flo?y=eDWI0BejkZ0n50RRm0AL PAKISTAN PRESSES INSURERS TO DROP WAR-RISK SURCHARGE The government is offering for pay for damage to ships or cargo calling at its ports as an incentive for insurers to withdraw war-risk surcharges. http://news.joc.com/cgi-bin7/flo?y=eDWI0BejkZ0n50RRn0AM BRAZIL WILL WRITE OFF SANTOS PORT DEBT The Port's management company owes $130 million. http://news.joc.com/cgi-bin7/flo?y=eDWI0BejkZ0n50RRo0AN VALUSHIP NAMES NORTON LILLY AGENT The planned start-up of new container services between the U.S. West Coast and Europe, said it has appointed Norton Lilly International as its general agent for North America. http://news.joc.com/cgi-bin7/flo?y=eDWI0BejkZ0n50RRp0AO ...and exclusively in JoC ONLINE EUROPE VIEW by Bruce Barnard RAILWAYS STILL ON THE DOLE While airlines bid adieu to state subsidies, governments continue to protect rail operators. http://news.joc.com/cgi-bin7/flo?y=eDWI0BejkZ0n50RQE0Ae ...and only in JoC WEEK SPECIAL REPORT: CARGO SECURITY No quick answers for spotty cargo security...changes have made the Senate's proposed Port and Maritime Security Act tough to track...tighter air cargo rules can reduce terrorist threats, but not eliminate them...What's the future of ocean cargo documentation? To subscribe, visit http://news.joc.com/cgi-bin7/flo?y=eDWI0BejkZ0n50RHs0AH =================================================== SUBSCRIBE to JoC WEEK and get access to JoC ONLINE Go to http://news.joc.com/cgi-bin7/flo?y=eDWI0BejkZ0n50PuU0AU for complete coverage of international trade and logistics. =================================================== TO SPONSOR THE E-NEWSLETTER OR ADVERTISE IN JoC ONLINE Call Tammarra Askew at 973-848-7077 or e-mail: taskew@joc.com ~~~~~~~~~~~~~~~~~~~~~ FEEDBACK E-mail: editor@joc.com ~~~~~~~~~~~~~~~~~~~~~ TO UNSUBSCRIBE unsubscribe_joc@news.joc.com ~~~~~~~~~~~~~~~~~~~~~ Forward To An Associate If you haven't already done so, please forward this newsletter to one or two of your business associates. Reading A Forwarded Copy of This E-Mail? Now you can receive you own daily e-mail newsletter with a summary of the day's top stories delivered right to your own e-mail in-box. To subscribe, simply click on http://news.joc.com/cgi-bin7/flo?y=eDWI0BejkZ0n50QEo0A8 ~~~~~~~~~~~~~~~~~~~~~ CUSTOMER SERVICE Phone: (800) 331-1341 E-mail: customersvs@joc.com JoC ONLINE Phone: 973-848-7000 Fax: 973-848-7016 Mail: JoC Online 33 Washington Street 13th Flr. Newark, NJ 07102-3107 Copyright 2001 The Journal of Commerce Group
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