The President Wants More Control over Shipping Goods
Cato Podcast
Cato Institute
4.5 • 979 Ratings
🗓️ 17 July 2021
⏱️ 13 minutes
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| 0:00.0 | This is the Cato Daily Podcast for Saturday, July 17th, 2021. I'm Caleb Brown. |
| 0:08.8 | The President wants to tear down barriers to shipping goods to and from the US and within the several states, sorta. |
| 0:16.1 | Cato Scott Linsicum and Colin Grabo detail how the president supports lowering some barriers |
| 0:20.7 | to shipping and the destructive barriers the Biden administration appears to have no problem keeping in place. |
| 0:27.5 | What does the president propose with respect to shipping in and among the several states and with other countries. |
| 0:36.3 | Right, so there's two areas. |
| 0:38.7 | First, there's rail and second is ocean shipping. |
| 0:42.4 | On the rail side, it's not really... there's rail and second is ocean shipping. |
| 0:42.6 | On the rail side, it's not really clear, |
| 0:46.4 | although the theory of the case |
| 0:49.1 | is that he wants to essentially force rail freight companies to take on, to allow other freight |
| 0:57.2 | companies, their competitors, to use their rails in certain concentrated markets |
| 1:01.8 | areas where one rail companies doing the service. |
| 1:05.6 | On ocean shipping they want to go after two issues that have just popped up in the |
| 1:12.4 | pandemic there that have just popped up in the pandemic, that have become emphasized in the |
| 1:16.1 | pandemic, and that is detention and demurage, which is just a really fancy way of saying, |
| 1:22.4 | ocean shippers charging companies fees for holding |
| 1:26.9 | their goods for a little while. |
| 1:29.4 | And then the other is for shipping companies refusing to put exports on their boats and ship them all over the world. |
| 1:38.3 | Colin, you want to jump in there? |
| 1:39.6 | Yes, so during the pandemic there's been an increased demand for imports and |
| 1:46.2 | consequently Americans typically we export to Asia commodities which are typically |
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