Paul Snell, CEO British – American Shipping, warned that the recent consolidation of ocean carriers into now 17 carriers into a smaller number of alliances has been accompanied by downsizing and automation in which carriers “mimic each other” in emphasizing imports over exports and with the unintended effect of “devaluing” U.S exporters.
This consolidation is causing international trade to favor imports over exports to the United States and is creating long-term obstacles for U.S. exporters.
However, Snell emphasized that challenges faced by ...
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2021