www.Tank Transport.com TANK TRANSPORT TRADER -- June 2010 -- Page 1 ;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;
LEASING
The National Newspaper of the Liquid and Dry Bulk Transportation Industry
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See Our New Product Digest Section on Page 22!
Once-hot China Milk now
on fiscal ropes
As the only industrial nation
still experiencing unbridled
development, China continues
to draw cash-starved investors
desperate for a dividend. Some
of the earliest investors, however, are beginning to learn that
China isn’t the gift horse it once
was. Indeed in many ways it’s
beginning to resemble the U.S.
Celestial NutriFoods, China
Sun Bio-Chem Technology,
Delong Holdings, Fu Ji Foods &
Catering Services, Sino-Envi-ronment Technology, Sunshine
Holdings -- these are a few of
the formerly red-hot Chinese
companies whose bonds have
fallen substantially in the past
16 months. About $1.3 billion in
debt already has been affected
-- a figure likely to grow consid-
(China Milk continued on page 12
Mac Trailer announces
Steve Hallas as National
Dealer Development
Manager
Stronger production
stifling milk recovery
Smart Balance Inc.
planning realignment
FDA seeking input on
food safety rules
The U.S. Food and Drug
Administration (FDA) is asking
commercial food transporters
to follow new guidance the
agency issued last month to
reduce the chances of physical,
chemical, biological and other
risks during transportation
of foods while the agency
reviews current food safety
MAC Trailer is pleased to
announce that Steve Hallas has
been appointed NATIONAL
DEALER DEVELOPMENT
MANAGER.
Record milk production that
occurred this spring isn’t the
best news for a dairy price
recovery, market analysts said
last month after the release
of USDA’s Milk Production
Report.
Dairies in all 50 states
produced 16.385 billion pounds
of milk during April 2010, an
increase of 1.5 percent over
year-earlier levels, according to
the report. That’s the highest-ever volume for April milk
production.
The report will have “bearish
implications for milk futures
and the cheese market,”
Paramus, N.J.-based Smart
Balance Inc., maker of buttery
spreads and cooking oil, said
it will realign departments in
a move the company said will
save $2.7 million annually.
Something on Your Mind?
Do you have something you would like
to discuss with the trucking industry? Then
head over to www.Tank Transport.com/
forum and submit your items of interest in
our online forums.
(Food Safety continued on page 21)
(Milk Recovery continued on page 14)
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