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The Federal Reserve thinks that it doubles the price of shipping between Puerto Rico and the US Mainland: > It costs an estimated $3,063 to ship a twenty-foot
by mikeyouse 9y ago
The Federal Reserve thinks that it doubles the price of shipping between Puerto Rico and the US Mainland:
> It costs an estimated $3,063 to ship a twenty-foot container of household and commercial goods from the East Coast of the United States to Puerto Rico; the same shipment costs $1,504 to nearby Santo Domingo (Dominican Republic) and $1,687 to Kingston (Jamaica)—destinations that are not subject to Jones Act restrictions.
Page 23 in the PDF (numbered 13):
https://www.newyorkfed.org/medialibrary/media/regional/PuertoRico/report.pdf https://www.newyorkfed.org/medialibrary/media/regional/Puert...
Terrible for disaster relief but also on a daily level, terrible for imports/exports. How can you have a competitive economy with that type of anchor weighing on your Ex/Im?
- Aloha 9y agoIt's probably not important for disaster relief (there doesnt seem to be a shortage of relief supplies, but rather a shortage of on-island transport to distribute them) - but I'd agree it is a huge drag on the local economy.