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Day: April 30, 2011

Workers strike at major Australian ports

Dock workers at Australia’s three major ports went on a 24-hour walkout Saturday after talks stalled over a protracted wages and conditions dispute, crippling about one-quarter of the nation’s freight. A second...

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Canadian National Railway guns for potash business

Canadian National Railway Co. is hoping efforts to improve customer service will help it crack a monopoly held by its rival, Canadian Pacific Railway Ltd., to ship most of the country’s potash. Claude Mongeau, CN chief...

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China Cosco Swings to First-Quarter Loss

China Cosco Holdings swung to a loss of $77.3 million in the first quarter ended March 30 as global vessel overcapacity caused a decline in freight rates in the container and dry bulk sectors. This compared with a net profit of...

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