Bill Passed to Avert Devastating Strike
Economists unanimously agree that a rail strike could paralyze the nation’s economy, especially ahead of one of the busiest times of year for supply chains: Holiday season. While rail negotiations have continued to stall, the U.S. Congress has voted to pass legislation to effectively block a strike set for early December 2022. The bill gives […]
Diesel Prices Increase After Oil Production Cut
Blink and you’ll miss it – diesel prices are on the rise again, increasing by an average of $.40 in the span of a single week. These price increases come shortly after the OPEC Oil cartel and its allies announced that it will be decreasing oil production. This production cut comes only a few months […]
Crisis Averted: Class I Railroads Will Not Strike
The railroad strike has been narrowly averted after a 20-hour negotiation meeting between unions and rail management. The two parties were able to reach a tentative deal early on Thursday, September 15th, with involvement from the United States President, Joe Biden. Railroad workers are governed by different labor laws compared to most workers, one that […]
Ocean Shipping Reform Act Passed House of Representatives
For the first time since 1998, the regulations governing U.S. container trades have received an overhaul. With an overwhelming approval of 369-42, the U.S. House of Representatives passed the Ocean Shipping Reform Act (OSRA) of 2022, which President Biden is expected to sign soon. TA President and CEO, Chris Spear, said that the Federal Maritime […]
