US intermodal picking up steam as trucking woes continue
After a long trough of sluggish performance, US intermodal traffic is growing, and the market ...
© Ironjohn
By Alex Lennane
US Senator John McCain is trying yet again to repeal the fairly preposterous Jones Act. Formally called the Open America’s Waters Act, the move follows his previous attempts in 2016 and 2010 to get rid of the the 1920 law which requires all goods shipped between US ports to be moved on US-built ships, owned and operated by US companies. As he points out, it is “an archaic and burdensome law that hinders free trade, stifles the economy and ultimately harms consumers. The protectionist mentality embodied by the Jones Act directly contradicts the lessons we have learned about the benefits of a free and open market.”
Comment on this article