A New Law Targets The Shipping Industry S Inefficiencies
According to CNBC, the Act is the “first significant” change to maritime legislation in nearly 40 years. It comes as the country continues to struggle with capacity challenges at its ports, which have set new volume records over the past year as a ripple effect of Covid-19, causing major disruptions and backups. Prices have also skyrocketed—Freightos, a booking platform for international shipping, says shipping costs are up 41 percent globally from last year....