Just when people that supply chain pressures were easing, and indeed pointing to lowered prices to move boxes into the States, the possibility of a strike by workers on the large “Class 1” railroads, has popped up.
The Ocean Shipping Reform Act of 2022 (OSRA 22) includes a provision mandating the Federal Maritime Commission (FMC) to seek comments on whether congestion of the carriage of goods has created an emergency situation.
In August 2015, two consecutive explosions at a container storage station in China’s Port of Tianjin killed more than 170 people, injured nearly 800 and resulted in billions of dollars in damage. When such a disaster occurs, there are always...