Move To Open Ports 24/7
Waiting for a Halloween costume or Christmas gift? The White House says it's helped broker an agreement with Walmart, FedEx and UPS for the Ports of Los Angeles and Long Beach to become a 24-hour, seven-days-a-week operation supply chain in an effort to relieve supply chain bottlenecks and move stranded container ships that are driving prices higher for U.S. consumers. With three months until Christmas, toy companies are racing to get their toys onto store shelves as they face a severe supply network crunch. Toy makers are feverishly trying to find containers to ship their goods while searching for new alternative routes and ports. Biden was scheduled to hold a virtual roundtable today with the heads of Walmart, FedEx Logistics, UPS, Target, Samsung Electronics North America, the Teamsters Union and the U.S. Chamber of Commerce.