President Biden is expected to sign into law soon major legislation overhauling ocean shipping and U.S. port regulations. The U.S. House of Representatives on Monday passed by a vote of 369-42 the Ocean Shipping Reform Act (OSRA) of 2022, the Senate version of a...
The U.S. Senate unanimously passed its version of a bill to improve oversight of ocean shipping with the goal of easing port backlogs and other factors contributing to freight delays and potentially higher costs. The Senate version of the Ocean Shipping Reform Act,...
The United States appears to be at the midpoint of an economic cycle that should continue to see growth even as the Federal Reserve raises interest rates to control inflation, according to National Retail Federation chief economist Jack Kleinhenz. Just as it released...
The House of Representative passed, with strong support from the home and housewares industry, The Ocean Shipping Reform Act of 2021 Wednesday in a vote of 364-60 vote. The bipartisan bill, introduced in August by Reps. John Garamendi (D-CA) and Dusty Johnson (R-SD),...
The Port of Los Angeles and the Port of Long Beach jointly announced Monday they will delay consideration until November 22 of a container dwell fee directed at ocean carriers and aging cargo at the ports. The announcement came the same day a coalition of 85 industry...
