Warren Blasts Ocean Freight Alliances for Adding to Inflation
- Congress should act if Biden lacks authority, senator says
- Shipping companies argue that supply and demand are to blame
The Port of Long Beach in Long Beach, California, U.S.
Photographer: Bing Guan/BloombergThis article is for subscribers only.
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Senator Elizabeth Warren blamed rising U.S. inflation in part on the largest ocean shipping companies, calling “the anti-competitive nature” of the industry the root cause of soaring prices to transport goods around the global economy.