Winnipeg Free Press

Winnipeg Free Press (Newspaper) - May 30, 2000, Winnipeg, Manitoba Winnipeg free press May 2000 business b3 editor Julian Rachey 6977235 More More gain in Long haul new kid on trucking Block expected to have big Impact by Geoff Kirby ton the Manitoba trucking Industry is already painfully compete but that int deterring another Payne from shouldering into the Tom Payne president and chief operating officer of Eriline freight systems for 30 including is years in will officially open transportation next where he jul he president and chief executive the full Load Carrier will specialize in dry and tempera tur controlled freight As Well As Gen eral it will primarily use owner operators to transport the but it will also have a few of its own the company will Start with 10 employees and 25 owner operators and Hopes to have the latter up to Between so and 100 by the end of the Payne we feel comfortable Manitoba is a big base for the transportation Industry and its Good Centre for traffic moving North Aid South Between Canada and the said who has spen the last 15 years in Cal he added its also an Opportunity to work with both his children Tom will assume the position of Vic Epresi Dent and general manager and Daugh Ter Robin will work on the marketing Mullen transportation a Cal publicly traded trucking will invest up to million in pit in return for a 45 per cent ownership the remaining 55 per cent will be owned by the Payne Fame Murray president and chief executive officer of said Payne brings a wealth of Industry knowledge and management skill to the clearly were investing in its not too often Good Quality people with great management exper Tise come along in this i know him from past experiences and i like his it was a perfect Opp Ortu he Mullen predicted pit would soon be one of the top 50 trucking companies in Paynes not going to be satisfied with 15 or 20 that would drive him he Bob general manager of the Manitoba trucking said Paynes return to the local truck ing scene will mean increased Competition in an already highly competitive the Market is getting fairly Satu its a very vibrant and aggressive but ultimately Jeff de free Prem Tom Payne and Tom Payne an exciting growth it should result in a better climate for he if Paynes past record is anything to go he was a Success before theres no reason he wont be successful he in addition to the capital Mullen will be providing pit with a full array of consulting and technology services on a negotiated fee former vice we have an exciting growth Opportunity Here and we need to get to mar Ket Payne Mullen already has a proven Busi Ness Model and with its technology and support it allows me to focus on building the management team and servicing our customers Rice uses Ennis Cash to become top broker by Weott Kirbyson Rice capital management plus has drawn Down half of its million in debt financing from Ennis growth fund to finance the Deal that made it the largest Deposit broker in the in Early Rice bought Saskatchewan based Hal Mac associates and Otta abased Gifford adding More than billion in assets under Rice management and bringing its total to the financing used was million of nine per cent subordinate Deben Ture maturing in five the debenture can be prepaid at any time without Bonus or Rice also issued Ennis detachable warrants which can be exercised at the option of Ennis at any the warrants to acquire common shares of Rice can be exercised at per common share for the first two in the third in the fourth year and in the fifth Rice also completed the private placement from its Treasury of common shares at a share and has issued Stock options to acquire common shares at per these options have Vari Ous vesting periods Over the next four Tom chairman and chief executive officer of the said in an interview there Are no strings attached to the Ennis Money and the remaining million would not be used until Rice also announced it has acquired the personal business Book of Mutual fund assets under administration of John the presi Dent of Morgan securities the Mutual fund dealer ship business Rice acquired two months Rice also retains the fixed assets of Morgan and will own a 50 per cent interest in a new joint venture Morgan Rice which will operate in Lan subject to regulatory these transactions will be satisfied by a payment of in Cash and the issuance of Treasury Mon shares of Rice at a deemed Price of per common the Rice capital group of Compa Nies has More than clients in British Manitoba and Inco reaches unexpected labour pact Nickel Price drop seen following Sudbury Deal by Paula Arab and James Stevenson unexpected labour settlement at incas Northern Ontario operations in Sudbury should nudge world Nickel prices but it will be Only a slight Short term analysts higher prices will quickly return As global demand continues to grow for the key Industrial Metal used in making i be surprised to see Over the next several Days that the Nickel prices Drift Down slightly because of the settlement John an Inco analyst with National said but in the months ahead prices will remain High because of the current shortage of Nickel in the in the last 18 rising demand for stainless steel used in making Industrial pipes and storage tanks has pushed Nickel prices higher and helped fatten profits at some of the worlds major mining com the Western worlds biggest Nickel struck a Las minute Deal on the weekend with the United steel workers of averting a strike of workers at the company biggest Canadian with asias Economy recovering strongly from the 1998 financial booming Industrial demand has led to a More than doubling of Nickel prices on world the Metal hit us a Pound recently after hitting lows of in late Scotia Bank economists expect Nickel prices to remain averaging Between and a Pound this incas Sudbury mines and smelters produce enough Metal to meet about 11 per cent of the worlds annual Nickel the Toronto based com Pany supplies a Quarter of global Nickel demand from operations around the instead of walking out when their cur rent contract expires at Midnight employees will spend the Day voting on the new Deal that will see them get a sighing a prof i sharing plan and better Falconbridge incas main Cana Dian rival which is holding preliminary talks with its Canadian Auto work ers employees in will also be impacted by incas labour Canadian press online groceries in Paris Mon Dieu Paris it is a centuries old the daily visit to the Market for fresh bread and a Cut of per haps a wedge of brie Urban French shoppers Are increasingly trading Market stand browsing for the poin Tandlick i think that the web is really practical for says Christell who has been shopping online since when two online and followed recently by the country biggest grocery care Ftp i used to live in the provinces and there it was much easier to shop than it said picking out the right Bunch of grapes does have a certain and shopping outdoor markets for country Side produce is As French As the French Point and Click their Way to baguettes is online grocery shopping changing tradition of says Tel Market spokes woman Marline just As the car sent shoppers to Large grocery store officials the internet is Chang ing retail when you work f up time its great to have your vegetables and fruits there waiting for Moran going to the Market is Nice but this makes life online grocery shopping May Speed decline of the Small in markets and specially artisans held 19a per cent of the Overall French food last year this fell to Lionel followed his father Grandfather into the business of owning fruit and vegetable he believes his Days As a vegetable seller May be ask any seller grail said while stacking Zucchini at his parisian everyone knows that we cant compete with the big whats we Only get customers on the internet transactions just per cent of grocery sales in France last year expected to Boom in the next five said Alberto an Ana Lyst for Lehman food and grocery on the web is going to be the fastest growing Montagne As a percentage of total consumption is very and As internet distribution food sales will Tei Market actually went online in Selling groceries Over Frances no outdated electronic Bank ing and shopping it currently serves Only levying a delivery charge equivalent to about but intends soon to go online grocery stores in North Amer Ica have struggled to turn a Frances greater population density May help online grocers succeed Houra spokesman Florent Guibert customers doubt online grocery shopping will completely supplant old fashioned markets and i dont think the net can replace the Small Depeyster i have three bakeries around me where i can get Crunchy and i like press Churchill shipments to soar railway Omni trax sets target Fly Murray Mcneill Boucher Omni trax Canada Hopes to boost the amount of Grain shipped through the Northern Manitoba port of Churchill by up to 70 per cent this a senior offi Cial with the Shoreline railway said yes Bernie Boucher told a Northern transportation seminar in Winnipeg that which owns both the port of Churchill and the Hudson Bay rail line that runs from the Pas to Hopes to push about tonnes of Grain through the port during the upcoming shipping it would be per cent More than the tonnes the port handled last Boucher noting 1999s total was the highest volume of Grain ship ments within the last 10 Omni trax Canadas vice president of also told about 100 people attending the halfday Semi Nar at the University Manitoba transport Institute that Omni trax officials Are optimistic insurance giant Lloyds of London will agree soon to extend the ports shipping Omni trax Canadas chief operating officer Gary Renrick later confirmed in a Telephone interview that Lloyds officials who provide ice damage insurance for ships using the said a decision is Church ills shipping season is now restricted to Between the second or third week of july and the end of but Rennick said Omni trax officials Are counting on the insurance company extending it until at least the Middle of they would like the season to run from late june until the end of he i think that pretty it has been shown it the port can handle that with no risk to ice class Barry director of the u of is transport said in an inter View following the seminar that extend ing the ports shipping season would be Good for both Omni trax and Prairie Grain not Only would it enable Farmers and the Canadian wheat Board to ship More Grain through the but Prentice said it also would make it easier to Market the he noted Manitoba and various transportation carriers have been pushing for years to have the shipping season Rennick admitted this years projection of tonnes of Grain being shipped through the port is based on the Assumption the shipping season will be extended until at least the Middle of november and major customers like the wheat Board will ship Grain through i think weve done a pretty Good Job the last couple of to establish Churchill As a cos effective he spokesman Jim Pietryk said the Board will gladly use the port if it makes commercial sense for its customers and for most of the boards customers Haven said yet How they want their Grain shipped this he please see omnitmxv4 Nune grocery worker prepares ;