Joe Biden plans to sign an executive order to combat aggressive pricing for railways and the shipping industry

President Joe Biden plans to sign an executive order to combat aggressive pricing for railways and the shipping industry. The order mentions the Surface Transportation Board to look into competitive switching rules, which require a monopoly railway to grant access to its railroad under certain conditions.

The order would request the Federal Maritime Commission to work with the Justice Department to investigate and punish anti-competitive practices. The agency and Justice Department are planning to sign a new memorandum to enhance cooperation between the two shortly, according to the sources of The Hill.

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