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Search Results: keywords:"international ocean rate index"

  • H. R. 666, titled the "Noncontiguous Shipping Reasonable Rate Act of 2024," aims to define what constitutes a reasonable rate for noncontiguous domestic ocean trade in the U.S. The bill proposes an amendment to Section 13701(d) of title 49, United States Code, to state that a...

    Simple Explanation

    H.R. 666 is a proposed law that wants to make sure shipping costs to faraway parts of the U.S. are fair by comparing them to international shipping prices, and saying they should only be a little bit higher or lower.