Economists from Boston-based Reeve & Associates and Hawaii-based TZ Economics have released a joint reportthat concluded that the Jones Act has no significant impact on the cost of living in Hawaii.
The report, “The Impact of the Jones Act on Hawaii” released today by the American Maritime Partnership (AMP), found that freight rates in the U.S.-Hawaii trade lane have declined in real terms over the last 10 years, while the Jones Act has delivered positive and substantial economic contributions....