Washington DC: To lower prices for consumers, President Joe Biden is aiming to reduce the costs of rail and shipping.

The White House will issue an executive order calling on U.S. transportation agencies to enforce anti-competitive acts or toll rules that are viewed as unfair in the rail and shipping industry in order to reduce costs for consumers. Said there is.

The White House said in a statement that Biden would sign an “executive order to promote competition in the US economy.” Officials say the ordinance is expected to include dozens of provisions to promote competition.

Officials said some of the presidential decrees were addressed to the Federal Maritime Commission and the Surface Transportation Board.

White House spokeswoman Jen Psaki said during an executive order discussion on Thursday that transportation costs had risen dramatically during the months of the pandemic.

The order urges the Surface Transportation Board to “make it easier for shippers to challenge higher fares when there is no competition between the two routes.”

The White House calls on the Federal Maritime Commission to “take all possible measures to protect US exporters from the high costs imposed by ocean carriers” and to “crack down on unreasonable and unreasonable charges.” Request.

Meanwhile, the Association of American Railroads said Thursday that “competition among freight carriers is still fierce,” and warned that some proposed reforms “would place immense inconvenience” on the railways.

Notably, railroad stocks fell in the news, with major carriers falling more than 6%.

During the Covid pandemic, the cost of transporting goods has skyrocketed due to the increasing integration of the transport market.

A source told Reuters that the upcoming executive order “encourages independent federal agencies that regulate these markets to take steps to promote competition, which can save US companies on transportation costs.” ..

The decree also addresses workers’ non-compete obligations, licensing requirements, defense contracts, cell phones, agriculture, and antitrust enforcement.