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Biden: Major trans-Pacific shippers raised fees by 1,000%

US president Joe Biden is calling on Congress to pass the Ocean Shipping Reform Act, which the US House of Representatives is expected to vote on soon

By Undercurrent News | June 13, 2022 16:02 BST
Credit: VanderWolf Images / Shutterstock
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US president Joe Biden pegged the cost of shipping as a major driver of rising costs and inflation with some of the only nine major trans-Pacific shippers in the world raising their prices by as much as 1,000%, American Shipper reports [...]

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