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JoC Online Daily E-mail Newsletter
Friday Edition
October 26, 2001
Armed Forces Day (Benin)
www.joc.com

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Take the Daily Quiz, sponsored by APL.

Which country exported the most goods in terms of
value to Pakistan in 2000?

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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

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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.

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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.

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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

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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.

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