Live Updates: President Biden To Announce 24 Hour Operation At Port Of LA

President Joe Biden is expected to announce a new plan to begin 24 hour operations at the Port of Los Angeles to ease the bottleneck of cargo ships amid the growing supply chain crisis.

President Joe Biden is set to announce a new plan to run 24 hour operations at the Port of Los Angeles in an effort to ease supply chain bottlenecks. Above, the Evergreen cargo ship "Ever Liberal" filled with containers is seen at the Port of Los Angeles on October 6, 2021 in San Pedro, California. © FREDERIC J. BROWN/AFP via Getty Images President Joe Biden is set to announce a new plan to run 24 hour operations at the Port of Los Angeles in an effort to ease supply chain bottlenecks. Above, the Evergreen cargo ship "Ever Liberal" filled with containers is seen at the Port of Los Angeles on October 6, 2021 in San Pedro, California.

"We've been hard at work identifying problems and solutions to those problems to accelerate the movement of goods," a senior administration official told reporters in a preview ahead of Biden's remarks on Wednesday. "Today's commitments are a big deal and will go a long way in addressing short-term challenges."

American consumers have faced an increase in product shortages, particularly for items ordered online, and rapidly escalating prices. The supply chain disruptions, which the administration has attributed largely to the effects of the coronavirus pandemic, have also hit the ground freight industry.

Ports in Los Angeles and Long Beach, California account for 40 percent of all shipping containers entering the United States.

Today I’m announcing that the Port of LA will begin operating around the clock 24/7 to make sure Americans can get the goods they need.

My Administration is working around the clock to move more goods faster and strengthen the resiliency of our supply chains.

— President Biden (@POTUS) October 13, 2021

Video: Biden To Announce That Port Of LA Will Operate 24 Hours A Day In Effort To Ease Cargo Backlog (CBS Los Angeles)

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Biden will meet with business and union leaders, the U.S. Chamber of Commerce and other groups Wednesday afternoon and will deliver remarks at 2:20 p.m. ET.

This blog will be updated throughout the day.

The Biden administration is meeting with business leaders, port leaders and union leaders to discuss congestion at U.S. ports and supply chain delays.

As the Port of Los Angeles begins expanding to 24-hour operations, the White House says the International Longshore and Warehouse Union (ILWU) said its members are "Willing to work those extra shifts."

Large businesses Walmart, FedEx, Target, Home Depot, UPS and Samsung have agreed to increase their operations.

"Across these six companies over 3,500 additional containers per week will move at night through the end of the year," the White House said in a statement.

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Source : https://www.msn.com/en-us/finance/companies/live-updates-president-biden-to-announce-24-hour-operation-at-port-of-la/ar-AAPtBv8

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