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Analysis: Freight industry to suffer if nation goes over fiscal cliff

Monday, November 19, 2012

The large, automatic spending cuts scheduled to kick in the first week of January if Congress and the Obama administration don't reach agreement on an alternative budget-reduction plan will have a significant impact on programs critical to goods movement and has shippers worried about their business operations. U.S. Customs and Border Protection, for example, faces the loss of more than $950 million for the current fiscal year, while the Department of Transportation is in...

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