Get 40% Off
🤯 Perficient is up a mind-blowing 53%. Our ProPicks AI saw the buying opportunity in March.Read full update

U.S. House panel to hold hearing on supply chain, infrastructure

Published 01/26/2023, 10:37 AM
Updated 01/26/2023, 03:36 PM
© Reuters.

By David Shepardson

WASHINGTON (Reuters) -A U.S. House committee said Thursday it will hold a hearing next Wednesday on supply chain and transportation infrastructure issues that will feature trucking, railroad and union groups.

The Republican-led U.S. House Transportation and Infrastructure Committee hearing will include the heads of the American Trucking Associations and the Association of American Railroads.

Congress in November voted to block a potentially crippling rail strike and imposed a tentative contract deal for 115,000 workers reached in September. Some unions had voted against the deal over its lack of paid sick leave.

A strike could have halted shipments of food, fuel and medicine, stranded commuters and caused dramatic harm to the U.S. economy just before the holiday season.

Also expected to testify is an official representing the Associated General Contractors of America and Greg Regan, who heads the Transportation Trades Department for the AFL-CIO union federation.

Congress in November 2021 passed a $1 trillion infrastructure bill to refurbish roads, bridges and airports and reduce emissions.

There are still lingering supply chain issues stemming from a surge in demand and COVID-19 affecting facets of the economy, including auto and airplane production, but massive backups at ports in 2021 have subsided. Supply chain pressures were a key factor in boosting U.S. inflation to 40-year highs.

Transportation Secretary Pete Buttigieg said last month the United States had made huge progress in supply chain issues after people wondered in 2021 whether they would get basic goods and Christmas presents on time.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.