Biden to Target Freight Sector with Executive order


The White House says the dominance of a small number of freight carriers has cost American importers and exporters, allowing operators to extract higher rates and charge fees like those for demurrage, essentially late fees on shipments that aren’t picked up from freight terminals on time. The order will ask maritime regulators to crack down on such fees, and to take all other steps to protect American shippers from high fees. Read more here.

Author: The Wall Street Journal