The world has watched for decades as U.S. ports have lagged behind their international counterparts. As they have become increasingly plagued by congestion, delays, and rising costs, it becomes increasingly clear that the publicly-owned port authorities are failing to meet the demands of modern global trade. The solution lies in privatization, a much-needed approach that could revitalize our failing ports. The importance of ports to the U.S. cannot be overstated, as demonstrated by the sheer volume of trade passing through American ports. In 2023,…
