Buttigieg Pushes New Crackdown on Mergers in Transportation Industry
- DOT secretary ‘concerned’ about airline, rail concentration
- Buttigieg pledges ‘vigorous’ use of competition authorities
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US regulators are engaging in a “real shift” in how they view competition in transportation industries and will make “vigorous” use of their authority to ensure airlines, railroads and others serve consumers, Secretary Pete Buttigieg said Monday.
“I am concerned about this broader pattern of concentration. We see it in airlines, we see it in ocean shipping and we see it in freight railroads,” Buttigieg said in an interview with Bloomberg. “We are watching very carefully to see what’s happening and meanwhile, being as vigorous as we can with the tools that we have on the competition side.”