Port congestion and supply chain issues have impacted everyone. The Federal Maritime Commission (FMC) was established to regulate the international ocean transportation system. Max Vekich is the new commissioner for the FMC, among five the president appoints to lead the independent federal agency.
- Vekich said the primary reason for the supply chain bottlenecks is deferred development and maintenance of infrastructure, such as docks, terminals, railways and warehouses.
- He said there is also a workforce recruitment issue as not enough people want to work in the transportation industry.
- Vekich said the FMC provides oversight of the ocean shipping carrier industry and works to ensure an equal playing field in the market and prevent monopolistic behavior, collusion and unfair practices.
- He said the commission would benefit from congressional assistance to better help American exporters.