The Biden administration is targeting ocean shipping and railroads in a push to confront consolidation and anticompetitive pricing in the freight sector. The White House plans to issue an executive order calling on the Federal Maritime Commission and the Surface Transportation Board to act against what the administration says are actions that make it onerously expensive for U.S. companies to transport goods.
The administration believes the relatively small number of major players in the container shipping trade and in the U.S. freight rail business has enabled companies to charge unreasonable fees.
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