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Ocean shipping reform clears Congress, to the cheers of retail groups

June 14, 2022


Since 2021, ocean carriers have enjoyed more leverage than they have in years. Amid shortfalls in capacity and equipment, combined with growing consolidation among carriers, rates have skyrocketed and shippers have complained of broken contracts.

“The supply chain crisis that began in 2021 and continues today, showed us how price gouging and non-competitive practices can impact American companies and American families,” Lamar said, adding that the newly passed bill “will ensure that these sorts of practices are not replicated in the future.”

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