Kobe Steel + Fake Certifications

Kobe Steel will co-operate with the U.S. Department of Justice after the DOJ requested documents related to the fake data scandal besetting Japan’s third-biggest steelmaker.

Kobe has declared 500 companies worldwide are in a supply chain tainted by admissions it falsified certifications on the strength and durability of metals over the past 10 or more years, including Boeing, Ford and General Motor

Steel Annealing Operations Inside The PRO-TEC Coating Co.

Columbia Snake River Grain Export Gateway

Each year approximately 44 million tons of cargo valued at approximately $24 billion moves through the deep draft Lower Columbia River, according to the Pacific Northwest Waterways Association (PNWA).

“The Columbia Snake River System is the nation’s largest wheat export gateway. When combined with soybeans, corn, pulses and other grains, it is the third largest grain export gateway in the world. It is number one on the west coast for forest products and mineral bulk exports,” notes the PNWA.

The Mouth of the Columbia River jetty repair and rehabilitation project underway with J.E. McAmis, a heavy-civil, marine and environmental contractor, is critical.

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Sherwin Williams 3Q17 Business Interruption Earnings Hit

Sherwin-Williams Co. (SHW) cuts its guidance for sales and earnings per share for the third quarter ending September 30, 2017.

3Q17 sales and profit have been negatively impacted by the lost sales days, costs related to clean up and recovery efforts and tightened supply of propylene and ethylene based raw materials.

SHW cut its expectation for net income per common share in the third quarter to be in the range of $3.40 to $3.70 per share compared to previous expectation of $3.70 to $4.10 per share.  Comparative net sales are projected to be in the low single digit not the mid single digits.

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Crowley Update on Puerto Rico Relief Effort

Crowley Maritime provided an update Friday on its on-going effort to get relief supplies to the people Puerto Rico in the aftermath of Hurricane Maria.

Crowley is transporting 100 fuel distribution trucks with 275,000 gallons of diesel fuel and 75,000 gallons of gasoline to support relief efforts in Puerto Rico.  Arrival Monday October 2.

By Friday, Crowley projects to have 4,100 commercial loads on its terminal ready for pickup containing a variety of needed products, including food, beverages, construction materials, clothing and much more.

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