Ocean shipping reform: A quick ‘fix’ hides unintended consequences

Many ships leave the US less than fully loaded or with a large number of empty containers because of the US trade imbalance with East Asia. Under normal conditions, ocean carriers typically offer substantial discounts for these backhaul shipment…

Many ships leave the US less than fully loaded or with a large number of empty containers because of the US trade imbalance with East Asia. Under normal conditions, ocean carriers typically offer substantial discounts for these backhaul shipments. But these are not normal conditions. Over the course of the...