The bill, which passed Congress last week, is designed to make it easier for shippers to move goods around the world. It would allow carriers to be more flexible with routes, reduce fees and speed up customs inspections. But it may take months before these changes take effect, according to industry officials. And even then, they expect only limited benefits because most of their customers are still suffering from a credit crunch that has dried up capital spending on everything from new factories to new equipment like cranes needed at ports to load and unload cargo ships. Learn more here.
LaRocco, Lori Ann | “Will the Shipping Reform Act hep rebalance scales? The FMC chairman thinks so” Freightwaves