Stock market

Biden to take aim at rail, sea shipping competition – source

Stock Markets9 minutes ago (Jul 08, 2021 08:31AM ET)Biden to take aim at rail, sea shipping competition - source© Reuters. FILE PHOTO: Shipping containers sit on train tracks downtown as the spread of the coronavirus disease (COVID-19) continues, in Los Angeles, California, U.S., April 7, 2020. REUTERS/Lucy Nicholson

WASHINGTON (Reuters) – President Joe Biden will order U.S. transportation agencies in coming days to address competition in rail and sea shipping in an effort to lower the costs of shipping goods for companies, a source familiar with the plan told Reuters on Thursday.

Biden’s executive order, aimed at the Federal Maritime Commission and the Surface Transportation Board, is also aimed at ultimately helping to lower prices for U.S. consumers, the source said.Biden to take aim at rail, sea shipping competition – sourceAdd a Comment

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s