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USA : Urge the SEC to Force CEO-to-Worker Pay Ratio Disclosure

Source: AFL-CIO

USA : John Logan on why an Obama appointed judge revoked the NLRB rule to allow workers to vote on their union

Source: RSS

Sen. Baucus Encourages International Grain Exporter Bunge/EGT to Expand Investment in Montana Agriculture

Montana’s senior U.S. Senator Max Baucus is encouraging international grain exporter, Bunge Limited, to continue agricultural investments in the state. Following connections made at Baucus’ 2007 jobs summit, Bunge, through EGT, LLC is building three state-of-the-art grain shuttle loaders in its joint venture with ITOCHU and STX Pan Ocean. During a recent meeting with Bunge Limited Chairman and CEO Alberto Weisser, Baucus encouraged the global agribusiness leader to continue to ramp up trade opportunities for Montanans at EGT, LLC, facilities in Chester, Kintyre Flats and Carter.
“Montana jobs rely on getting our world-class agriculture products from farm fields to world markets. As a leader in agribusiness, Bunge, through its joint venture, EGT, LLC, has the tools to increase investment in Montana’s agriculture and trade, and I’m going to keep working with them to do so,” said Baucus, Chairman of the Senate Finance Committee, which has sole jurisdiction over international trade. “We’ve got to keep fighting to open international markets to Montana products while making sure there are facilities in place to get those products where they need to go.”
“EGT’s state-of-...

ICTSI Q1 profit jumps 24% to $35.4M

Ports operator International Container Terminal Services Inc. (ICTSI) reported a net income of $35.4 million in the first three months of the year, on the back of growth in volume and revenues and lower financing charges. This was 24% higher than the $28.5 million net income during the same period in 2011.
ICTSI said its first quarter revenues from port operations grew by 12% to $173.8 million from the $154.9 million last year.
The company handled consolidated volume of 1,338,316 twenty-foot equivalent units (TEUs) in January to March period, 14% up from year-ago volumes. This was attributed to the sustained growth in countries where its terminals are located, new shipping lines and routes, as well as volume from its new terminals in Portland, Oregon and Rijeka, Croatia.
From ABS-CBN News

USA : Scholarship Program Surpasses $1 Million Mark

Source: Mass. AFL-CIO

Carriers report losses

Several major carriers have recently reported losses. Among them:

Hapag-Lloyd Posts $172 Million First Quarter Loss
German ocean carrier Hapag-Lloyd’s first quarter net loss widened to
132.4 million euros ($172 million) from 22.1 million euros ($28.7
million) a year ago as lower freight rates and higher fuel costs
outweighed double-digit growth in container traffic. (More at JOC)
NOL Posts $254 Million First Quarter Loss
Singapore-based NOL Group reported a $254 million first quarter loss
despite cost-cutting and rate increases in March, and said high fuel
costs and excess capacity will continue to challenge container
shipping lines. (More at the JOC here)
“K” Line Posts $503 Million Loss for Fiscal 2011
Like its sister Japanese carriers, MOL and NYK Line, “K” Line had
predicted a loss for the full fiscal year when it reported a $173
million operating loss for the last calendar quarter of 2011. (JOC link here)