Give inflation! Biden will sign the administrative order to promote railway, and the sea competition
- Author:BESSON
- Release Date:2021-07-10
On July 8th (Thursday), on Thursday, the White House said that the US President Biden will ordered the anti-competitive behavior and unfair charging of the transport supervision, and try to reduce the cost of consumers. .
According to the US government news, Biden will speak in the US East Time (July 9) at 1:30 pm, and signed a "Administrative Order to Promote US Economic Competition". Officials said that this order is expected to include dozens of terms aimed at promoting competition.
In the White House, some of the president's administrative order is directed to the Federal Maritime Commission, referred to as FMC and Surface Transportation Board (STB).
Jen Psaki, the US Bai Psaki, pointed out that transportation costs have risen sharply in the outbreak of the epidemic. It is alleged that the US sea trade and freight railway business is relatively small for major participants, which makes these companies to charge unreasonable fees.
The White House said that the command will urge STB "There is no competition between the two lines, allowing the shipper to make the shipper to challenge the virtual rate." In addition, it will urge FMC "to take all possible measures to protect US exporters are protected from high-cost impacts that are imposed by marine transportation companies, and "combat unfair and unreasonable charges."
The US Railway Association (Association of American Railroad) said on Thursday, "Competition between freight suppliers is still fierce", and warned that some proposed reforms will make railways become an environmentally friendly choice, and is in an unneasable disadvantage "Middle".
After the news came out, railroad stocks fell, including CSX, Kansas City Southern and Norfolk Southern Corp, with more than 6%.
In fact, Biden administrative order aimed to promote competition for the entire economy, which will also include a series of measures such as letting farmers easier to repair their own tractors, as well as requiring airlines. In addition, the administrative or order will also involve the agreed agreement, license requirements, national defense contracts, mobile phones, agriculture and anti-monopoly law enforcement.
During the popularity of new crown viruses, the integration of the transportation market is increasing, and the cost of transportation of cargo has increased significantly. A source earlier said that the ancient federal agencies who were willing to be introduced "Encourage Independent federal agencies to manage the transportation market to promote competition, which will save costs for US companies, which in turn can reduce the cost of US consumers."
According to the US government news, Biden will speak in the US East Time (July 9) at 1:30 pm, and signed a "Administrative Order to Promote US Economic Competition". Officials said that this order is expected to include dozens of terms aimed at promoting competition.
In the White House, some of the president's administrative order is directed to the Federal Maritime Commission, referred to as FMC and Surface Transportation Board (STB).
Jen Psaki, the US Bai Psaki, pointed out that transportation costs have risen sharply in the outbreak of the epidemic. It is alleged that the US sea trade and freight railway business is relatively small for major participants, which makes these companies to charge unreasonable fees.
The White House said that the command will urge STB "There is no competition between the two lines, allowing the shipper to make the shipper to challenge the virtual rate." In addition, it will urge FMC "to take all possible measures to protect US exporters are protected from high-cost impacts that are imposed by marine transportation companies, and "combat unfair and unreasonable charges."
The US Railway Association (Association of American Railroad) said on Thursday, "Competition between freight suppliers is still fierce", and warned that some proposed reforms will make railways become an environmentally friendly choice, and is in an unneasable disadvantage "Middle".
After the news came out, railroad stocks fell, including CSX, Kansas City Southern and Norfolk Southern Corp, with more than 6%.
In fact, Biden administrative order aimed to promote competition for the entire economy, which will also include a series of measures such as letting farmers easier to repair their own tractors, as well as requiring airlines. In addition, the administrative or order will also involve the agreed agreement, license requirements, national defense contracts, mobile phones, agriculture and anti-monopoly law enforcement.
During the popularity of new crown viruses, the integration of the transportation market is increasing, and the cost of transportation of cargo has increased significantly. A source earlier said that the ancient federal agencies who were willing to be introduced "Encourage Independent federal agencies to manage the transportation market to promote competition, which will save costs for US companies, which in turn can reduce the cost of US consumers."