Shipping giants under fire for record profits, Amy Klobuchar & John Thune have bipartisan Ocean Shipping Reform bill to address supply chain issues

[basquebromance]

A similar bill was passed by the House in December and the two bills will now head to reconciliation before being signed by Sleepy Joe

U.S. Senate approves bill to ease export shipping backlogs

The U.S. Senate on Thursday unanimously passed a bill to improve oversight of ocean shipping, a step supporters say will help ease export backlogs.

www.reuters.com

Shipping giants under fire for record profits, fees as pandemic continues

Shipping giants have come under fire from U.S. business groups and watchdogs for raking in record-breaking profits on the backs of skyrocketing prices driven by unprecedented port congestion.

thehill.com

 

[Bootney Lee Farnsworth]

More government interference in the market.

This will be a complete disaster.

 

[DarthTrader]

Shipping isn't responsible for the supply problems AT ALL.

It's the backlog of shipping containers that can't be moved off dock fast enough.