Mon12222014

Last updateMon, 22 Dec 2014 1am

High-Tech U.S. Exporters Run Into Problems with Foreign Shipping Firms

The Obama administration's goal of doubling exports over the next five years might run into trouble because shipping companies are refusing to ship American exports overseas. These foreign companies make most of their money on high-value manufactured imports from Asia and have little incentive to load America's low-value exports: commodities like bulk food and feed, bulk chemicals, raw materials, scrap metal and waste paper.

Source: Manufacturing & Technology News

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