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 […]

GPA Expands Container Capacity

The Covid-19 pandemic dragged infrastructure issues directly into the spotlight, one of them being the dire need for capacity expansion at ports; An issue that was exacerbated by equipment shortages, labor shortages, and various supply chain disruptions. The Georgia Ports Authority (GPA) has unveiled a plan to increase container capacity at the Port of Savannah […]

Container Shipping Rates Soar, Cause for Concern for U.S. Exporters

Container shipping rates have increased over 500% when compared to a year ago. The rapid increase in Delta-variant Covid-19 outbreaks in several countries has slowed container turnaround rates significantly. With other natural occurrences, such as typhoons and hurricanes happening across the globe, it has only served to complicate supply chain operations further. “These factors have […]