Rail News
Biden to Target Railroads, Ocean Shipping in Executive OrderBiden to Target Railroads, Ocean Shipping in Executive Order
The Wall Street Journal
July 8, 2021 (US)
President’s action is part of broad effort to blunt power of big business
The Biden administration says the low number of players in the U.S. freight rail business has enabled companies to charge unreasonable fees.
WASHINGTON—The Biden administration will push regulators to confront consolidation and perceived anticompetitive pricing in the ocean shipping and railroad industries as part of a broad effort to blunt the power of big business to dominate industries, according to a person familiar with the situation.
The administration, in a sweeping executive order expected this week, will ask the Federal Maritime Commission and the Surface Transportation Board to combat what it calls a pattern of consolidation and aggressive pricing that has made it onerously expensive for American companies to transport goods to market.
The administration says the relatively small number of major players in the ocean-shipping trade and in the U.S. freight rail business has enabled companies to charge unreasonable fees.
Source
https://www.wsj.com/articles/biden-to-target-railroads-ocean-shipping-in-executive-order-11625736601
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