Tag: ocean shipping


Biden just signed a law to lower shipping costs. Will it work?

June 21, 2022

Via: Retail Dive

President Joe Biden signed the Ocean Shipping Reform Act of 2022 into law on Thursday, promising sweeping changes to the ocean shipping industry after more than two years of port congestion, delays and rising costs. The high-profile bill, which sailed […]


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

June 14, 2022

Via: Retail Dive

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 […]


Without the right data, Congress’ attempt to check ocean shipping costs is mostly toothless

March 30, 2022

Via: SCMR Editorial

Potential intervention by the U.S. federal government into the mounting penalties being levied against freight importers, shippers and forwarders over container delays and backlogs at West Coast ports has taken a major step closer to fruition. A bi-partisan duo in […]