Biden decides to take executive action to reduce shipping costs amidst increasing consumer prices

Posted on July 14, 2021   |  

  • Shipping costs have increased due to the supply chain crisis caused during the pandemic. 
  • The strategy of the decision is to create more development in the rail and ocean shipping industries to address supply chain issues. 
  • The Federal Maritime Commission to address the issues of inflated rates or unreasonable fees in rail shipping,
  • Shipping rates across eight major East-West routes have increased by 333% in 2021. 



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