Biden to urge FMC to crack down on unfair competition in container market

The intense container market is prompting the US to clamp down on "unfair" prices and monopolies. President Joe Biden is expected to sign an executive order that will, among other measures, urge the Federal Maritime Commission to amp up its efforts to combat unfair competition.

Photo: Jonathan Ernst/Reuters/Ritzau Scanpix

The Biden administration is preparing an executive order aimed at helping US-based shippers in getting a handle on the intense freight market.

The US thus steps in to address the extraordinary container market, where a shortage of capacity and bottlenecks in ports around the world are driving freight rates up and service levels down.

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