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Some estimates have stated that the recent nine month labor dispute at 29 West Coast container ports cost the economy up to $2.5 billion per day and the resulting strife was widely cited as a contributing cause to the anemic 0.2 percent annual growth rate of the U.S. economy in the first quarter of 2015. According to the U.S. Department of Transportation, more than half of all containerized imports enter the U.S. through West Coast ports. The Department has separately stated that a “lack of complete data on U.S. international freight continues to hamper research and analysis of trends in international freight movement and its impact on transportation activity within the United States.” While the Maritime Administration (MARAD) does produce its annual Statistical Snapshot of 20 water-freight-related statistics on freight volume and port of entry, MARAD has reported that the lack of a national standard for performance measures and “the lack of a reporting process have stymied its attempts to measure the efficiency of major U.S. ports.” The recent labor dispute at West Coast ports underscored how a lack of data and transparency to quantify on-going problems at the ports can affect businesses from coast to coast. According to the U.S. Department of Transportation over half of all containerized imports enter the U.S. through West Coast ports.
S. 1298 creates a new level of transparency and accountability for ports, many of which are government owned, by requiring:
For more information on S. 1298, please contact Billy Johnson.