BUSINESS BRIEFS
Aloha Petroleum imports ethanol
Advertiser Staff
Aloha Petroleum Ltd. yesterday announced that it has imported is first shipment of ethanol needed to comply with an April 2 deadline mandating the sale of ethanol-blended gasoline in Hawai'i.
Aloha will use the ethanol to blend into its own gasoline to sell in mid-to-late March. Aloha also will supply ethanol to other gasoline marketers.
HEIRS APPEAL SEIBU DECISION
Four heirs of the late Japanese tycoon Yasujiro Tsutsumi have appealed to the Hawai'i Supreme Court to get a ruling on the ownership of assets in Hawai'i associated with Tsutsumi's Seibu Railway subsidiaries, the heirs said in a news release yesterday. The heirs are fighting a group of shareholders who say they are the rightful owners.
The Hawai'i properties include the Hawaii Prince Hotel Waikiki, the Maui Prince Hotel and the Mauna Kea Beach Hotel on the Big Island.
PILOT AIR FREIGHT REVENUE UP 60%
Pilot Air Freight, a worldwide provider of transportation and logistics services, said yesterday its Honolulu operations recorded a 60 percent increase in revenue in 2005, compared to 2004.
Some 753 shipments totaling 524,900 pounds last year generated $494,332 in revenue for the Honolulu office, the company said. Revenue for the fourth quarter of 2005 was $124,048, a 22 percent increase over the same period a year earlier. Pilot Air Freight, based in Lima, Pa., operates 65 offices in the United States.
GM, TOYOTA END FUEL-CELL WORK
DETROIT — General Motors Corp. and Toyota Motor Co., the world's two largest automakers, said yesterday they're ending their work together on hydrogen fuel cells but will continue to collaborate on safety and energy research for the next two years.
GM and Toyota will research vehicle-to-vehicle communication that can help prevent crashes and vehicle tracking systems that can cut down on traffic congestion.
