Port's foreign trade risesTotal foreign commerce at the...

BUSINESS DIGEST

April 21, 1995

Port's foreign trade rises

Total foreign commerce at the port of Baltimore last year rose 4.2 percent, to 26.2 million short tons, the best year since 1989.

The figures, released by the U.S. Census Bureau, include most cargo that moves through the port's public and private terminals. In February, the Maryland Port Administration announced that general cargo moving through the state's five public marine terminals jumped nearly 17 percent, to 6.3 million tons.

The private marine terminals -- which handle cargo such as coal, iron ore and sugar cane -- accounted for nearly 20 million short tons here. But the handling of much of that cargo is automated, resulting in fewer man-hours than containers and automobiles that move through the public terminals.

AlliedSignal's profits climb

Record sales helped AlliedSignal Inc.'s profits grow 17.1 percent in the first quarter, the company said yesterday.

The Morris Township, N.J.-based technology and manufacturing company earned $198 million, or 70 cents per share, in the January-March period, compared with $169 million, or 60 cents a share, a year ago. Sales rose 14.5 percent, to $3.4 billion.

Earnings for the aerospace division, which has operations in Towson and Columbia, grew 7.6 percent, to $56 million.

AT&T to offer new service

AT&T Corp., following rival MCI, is offering a new service that lets callers locate domestic and international phone numbers with a single call.

The directory service became available to callers throughout the country yesterday.

AT&T, like MCI, charges 75 cents for two domestic listings. For international numbers, AT&T charges $1.99 for one listing. MCI charges $3.94 for two.

MCI began offering its service last October.

Unlike MCI, AT&T is offering the service over a 900 number. People can reach the directory by dialing 1-900-555-1212.

Strong quarter for railroads

Four of the nation's largest freight railroads steamed through the first quarter, posting earnings fueled by solid economic growth and gains in hauling commodities such as crops and coal.

Burlington Northern Inc., Chicago & North Western Transportation Co. and CSX Corp. all recorded first-quarter profits better than investors' expectations. Union Pacific Corp. matched Wall Street's projections.

LTC Richmond, Va.-based CSX recorded first-quarter net income of $121 million, or $1.15 a share, up 64 percent from a year ago, when cold weather crippled the railroad and barge line. Revenue rose 11 percent, to $2.47 billion.

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