The New Merchant Marine Situation
New developments in the merchant marine situation suggest the possibility of renewed activity for American shipping and hold out some promise for employment of some of the hundreds of ships, which have been tied up since the end of the war.
The first is the certification by the United States Shipping Board that there is adequate American-owned shipping to handle traffic offered on through export and import bills of lading. Railroads of the United States long have maintained rates on export and import commodities which are lower for the through haul, by rail and ocean, than the proportionate part would be on commodities moving wholly within the country by rail. Thus, steel moving from Chicago to New York, under bill of ...