President Biden’s “Promoting Competition in the American Economy” Executive Order includes measures relating to the shipping and rail segments of the logistics industry. The provision for shipping appears modest and calls on the Federal Maritime Commission to “ensure vigorous enforcement against shippers charging American exporters exorbitant charges”. The FMC is already carrying out such a review and may expedite it after agreeing to work more closely with the Department of Justice. The ongoing surge in container rates reflects the mismatch between rapidly changing demand and supply whi...
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