Supply Chain Council of European Union |

Biden wants regulators to crack down on concentration in shipping lines and railroads

The White House officials who drafted Biden’s order say high freight costs, resulting from a lack of competition, are an economywide drag. Nine cargo carriers, organized in three shipping alliances, control more than 80 percent of the global market for oceangoing vessels. Likewise, there are just seven major railroads, down from 33 four decades ago, according to the White House.

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