Senator Reverend Warnock Presses President Biden to Hold Global Shipping Carriers Accountable for Corporate Greed, Apparent Price Gouging and Raising Costs on Georgia Families

Press Release

Today, U.S. Senator Reverend Raphael Warnock (D-GA), a member of the Senate Commerce, Science and Transportation Committee, wrote a letter to President Joe Biden urging the White House's Supply Chain Disruption Task Force to investigate and issue a report on apparent price-gouging by international cargo carriers that have raised costs for Georgia families. There's ample evidence that global shipping carriers have used market volatility, cause by the COVID-19 pandemic, to increase profits and pad their earnings. Instead of cutting prices to pass savings onto consumers, companies are giving billions in profits, earned at the expense of American families, to their wealthy investors.

"While Congress and the Administration work to provide resources to American businesses and consumers, to fight back against the pandemic so that it is safe for Americans to return to work, and to make other investments in the American economy, the business practices of a few corporations with outsize influence over our economy cannot be ignored," wrote Senator Reverend Warnock in his letter to President Joe Biden."Inflation and rising costs for families is a persistent problem about which I hear from Georgians every day, and we must ensure that corporate greed is not unnecessarily contributing to this problem while Georgia families struggle."

During his first year in office, Senator Reverend Warnock prioritized easing supply-chain issues, addressing inflation, and lowering costs for families. The Senator fought to increase U.S. manufacturing, securing key provisions in the Senate's U.S. Innovation and Competition Act to fund domestic manufacturing of semiconductors and urging the House to swiftly pass companion legislation.

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