Motor Freight Rates Rise Across Nation With April Start
The Interstate Commerce Commission may approve tariff increases averaging 5.11 percent for truckload and 7 percent for less than truckload shipments covering most of the United States. If approved, the date of effect would be April 1, combining with a parallel railroad rate hike to push up consumer prices. The Middlewest Motor Freight Bureau notes the impact varies by origin and destination, with changes tied to new labor costs in labor contracts.
MENTIONED IN THIS ARTICLE
United States
Interstate Commerce Commission
Cedar Rapids
Middlewest Motor Freight Bureau
Rocky
Rocky Mountain Motor Tariff Bureau
Oregon
Washington
Central States Motor Freight Bureau
Illinois
Indiana
Michigan
Ohio
Wisconsin
Market closures and proposed freight rate increases across regions
Markets are closed for the presidents' holiday. Interstate freight rate proposals vary by region with increases from 3.5 to 8.3 percent on truckload and less-than-truckload shipments, plus separate fuel surcharges and potential minimums. Cedar Rapids officials say shippers unaffected by one tariff. Railroads also propose an April 1 rise.
MENTIONED IN THIS ARTICLE
Southern
Southern Motor Carriers Rate Conference
United States
Central and Southern Motor Freight Tariff Association
Cedar Rapids Transportation
Cedar Rapids
Petska
Turbocharger assembly at Garrett Corp Torrance plant
A worker at the Garrett Corp Torrance California plant is assembling the turbocharger rotating unit and compressor housing as part of the fuel economy device production.
MENTIONED IN THIS ARTICLE
Garrett Corp
Torrance
Calif
Dollar Steady as Gold Mixed in Quiet World Markets
The dollar opened steady while gold prices showed mixed moves in quiet trading. By midmorning in London and Zurich gold traded around 662.50 an ounce, down from Friday's Zurich close of 669.50 but above London’s pre week close of 659.50.
MENTIONED IN THIS ARTICLE
London
Zurich
Livestock prices span Midwest markets and currencies
Livestock trade shows moderate demand with steady butchers and cows in Des Moines Sioux City and Joliet. Hogs at Sioux City active. prices mostly steady to mixed with lighter weights down. Global currencies shift as Silver rises to 36.25 in London and the dollar gains against yen and other majors. markets close for holidays in US Hong Kong and Singapore.
U.S. Makers Plan 18 Percent Drop in Q2 Car Output
Detroit AP reports U.S. manufacturers tentatively plan an 18 percent fall in second-quarter auto production. Five firms set 2.04 million cars for the lines, down from 2.48 million a year earlier.
MENTIONED IN THIS ARTICLE
Detroit
U.S
Maytag declares 45 cent quarterly dividend
Maytag Co. of Newton Iowa announces a regular quarterly dividend of 45 cents per share payable March 14 to stockholders of record February 29.
MENTIONED IN THIS ARTICLE
Chicago
Maytag Co
Newton
Iowa
Omaha Livestock Market Quotes Monday
Omaha market report shows hogs mostly steady to 50 lower with 128 200-240 lb at 38.50 to 39.00 and 240-250 lb at 38.00 to 39.00. sows 50 higher. cattle and calves about 50 lower as steers and heifers decline. Steers 1150 lb prime 68.50-68.60, choice 1000-1250 lb 46.75-68.00. heifers 1000 lb lead 67.50. utility cows 50.00-53.00. cutters 48-50. Advanced estimates for cattle and calves total remains pending.
MENTIONED IN THIS ARTICLE
Sioux City
USDA
Cattie
U.S
Joliet
Omaha (Ap
Omaha
Stamats Publishing Renamed Stamats Communications Inc
Stamats Publishing Co. becomes Stamats Communications Inc to reflect expanded services. President Horace G. Hedges notes the Cedar Rapids firm now offers videotape film and multimedia production marketing campaigns for colleges identity development corporate publication planning plus traditional magazine publishing and print production.
MENTIONED IN THIS ARTICLE
Stamats Publishing Co
Stamats Communications Inc
Cedar Rapids
Horace G. Hedges
Hedges
Herbert Stamats
Frank French
Busi
Strong quarter keeps North Western in black
Chicago and North Western Transportation Co reports a solid fourth quarter with net income $18.8 million, up 172 percent, and full year revenues $747.2 million. A non-recurring $9 million benefit and $1.5 million bond gain aid Q4, while full-year earnings total $3.7 million. President Wolfe cites continued 1980 momentum despite weather losses.
MENTIONED IN THIS ARTICLE
Chicago
Chicago and North Western Transportation Co
CNW
James R. Wolfe
Win at Bridge Oswald and Alan discuss notrump play
Oswald and Alan dissect a three notrump contract with emphasis on counting tricks and line choices. South should avoid a heart finesse and instead use a diamond sequence to secure the ninth trick, while North's two club bid signals modern forcing bidding.
MENTIONED IN THIS ARTICLE
Oswald
Alan
South
East
West
North
Also Mentioned on This Page
Bruce Fishwild
New York
Mexican Border
Gulf of Mexico
Mississippi River
Teamsters Union
Council On
East Central Motor Carriers Association
New England
Middle Atlantic States
Dick Petska
The
Des Moines
UPI
Sioux City Livestock
Joliet Livestock
Frankfurt
Paris
Amsterdam
Milan
Tokyo
Hong Kong
Singapore
E. Cohn & Sons de
Coventry Gardens Mini-mall
1St Avenue
S.E
Omaha Livestock
Stamats Publishing
Stamats Communications
North Western
Webster City Livestock
Webster City
Amana Refrigeration, Inc
Gerald Truemper
Amana
Oswald Jacoby
Alan Sontag
Ajs
Jacoby Modern
Cedar Rapids Gazette
P.O
Radio City
N.Y
of Os Pass
Prescription
Nutn/System
Norman Amster
Old York Road
Melrose Park
Nutri
Ight Loss Medical Centers
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