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FreightWaves Flashback: US may set aside 30% of oil for US ships

FreightWaves Flashback: US may set aside 30% of oil for US ships
1974: Bills of this type have had rough sledding in years past, but the Arab oil squeeze and its implications in the nation’s total economic and transportation picture eased the way for possible passage this year.
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Image: Jim Allen (FreightWaves)
FreightWaves Classics articles look at various aspects of the transportation industry’s history. If there are topics that you think would be of interest, please send them to fwclassics@freightwaves.com.
The many industries that make up the world of freight have undergone tremendous change over the past several decades. Each week, FreightWaves explores the archives of American Shipper’s nearly 70-year-old collection of shipping and maritime publications to showcase interesting freight stories of long ago. ....

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Maritime asks Washington for $3.5 billion and vaccine priority

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American maritime and supply chain trade associations and organizations last week sent letters to Secretary of the Treasury Steve Mnuchin and Congressional leaders asking for help in coping with the impact of the COVID-19 pandemic.
One letter, signed by a notably broad industry coalition asks for $3.5 billion in aid to the industry. A separate letter, sent to Senate committee leaders by a smaller group, asks that industry workers be prioritized for COVID-19 vaccinations.
$3.5 BILLION AID PLEA
Virtually identical letters sent to Mnuchin and House and Senate majority and minority leaders on December 9 by no fewer than 23 organizations notes that the COVID-19 crisis has seen total waterborne trade volume down 6.3% compared to last year, while the value of this trade has crashed by 13.9% totaling $200 billion. “Passenger movements remain virtually ceased,” says the letter, adding that “expenses have greatly increased due to COVID-19 protocols and pre ....

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