Shipping: Resigning over Rates

The U.S. Maritime Administration last week conceded what many U.S. businessmen have known for a long time: it costs as much as 50% more for U.S. exporters to ship goods abroad than it costs for other nations to send comparable goods to the U.S. Out numbered in the shipping conferences that set the rates, American lines have usually gone along with the higher out bound rates set by foreign shippers. Alarmed at the disparity, Congress prodded the Maritime Administration into studying the matter, is now likely to insist that the maritime regulatory agencies use their power to force shipping conferences...

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