Salem Radio Network News Wednesday, August 4, 2021

Business

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

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.

(Reporting by David Shepardson; writing by Susan Heavey; Editing by Alex Richardson)

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