The administration officials cautioned that the changes may not be enough. “We have had to spend many tens of millions of dollars” more on shipping than ever before. “Those options are being looked at long-term to mitigate at least some of the risk we are facing” when it comes to the sharply rising shipping prices, CEO Wade Miquelon said. Jo-Ann Stores told The Post that shipping costs to move goods from Asia have increased tenfold since before the pandemic hit. Some retailers are so desperate to move their goods that they’re mulling buying their own ships. It’s unclear how dramatically the hours for workers at FedEx, UPS and Walmart would change, or which workers at those companies would be impacted. It’s unclear how dramatically the hours for workers at FedEx, UPS and Walmart would change.
The official said that the International Longshore and Warehouse Union “has made a commitment that they will be able to staff 24/7” at the West Coast ports. “Three of the largest goods carriers in the country - Walmart, FedEx and UPS - will make commitments toward moving to 24/7 working during off peak hours.” “The supply chain is essentially in the hands of the private sector so we need the private sector to step up to help solve these problems,” the official said. The ports process about 40 percent of international shipping containers bound for the US. The Long Beach and Los Angeles ports complex “functions as one in terms of its economic impact,” the official said. “The port of Los Angeles is announcing 24/7 service,” a senior Biden administration official told reporters, joining the nearby Port of Long Beach, which moved to a 24/7 schedule about three weeks ago. Christopher Dilts/Bloomberg via Getty Imagesīiden’s critics say generous pandemic stimulus programs are at least partially to blame for the economic woes.Īnd once the items reach the dock, other hurdles remain in the face of a national shortage of semi-truck drivers. UPS, Walmart and FedEx will be working during off peak hours.
The rise in demand coincides with a record number of people quitting their jobs, exacerbating shortages of goods including clothing, tech items, furniture and most troubling as Christmas nears, toys. “We know that what the Federal Reserve and Wall Street economists and others are projecting is that the rate of inflation will come down next year.”Ī spike in demand following the end of coronavirus lockdowns contributed to the high rate of inflation as well as the logjam in container ship traffic. “Transitory - I guess I don’t have an assessment of how many people know exactly what that means or what that means to them,” Psaki said. Mattingly asked if the Biden administration’s framing of inflation as transitory “could be misleading for folks who don’t necessarily get the ‘transitory’ may be in a year or longer.” What we can do is use every lever at the federal government’s disposal to reduce delays,” Psaki replied.Īnother journalist, Phil Mattingly of CNN, pressed Psaki about inflation, which has caused a spike in consumer prices for goods that do reach store shelves. “We are not the Postal Service or UPS or FedEx. Containers are stacked at the Port of Los Angeles in Los Angeles, Friday, Oct. “Based on everything being announced today, can this administration guarantee that holiday packages will arrive on time?” Ed O’Keefe of CBS News asked Psaki at her daily press briefing. White House Press Secretary Jen Psaki said Wednesday that the changes “will move more goods faster including toys, just in case you’re wondering.”īut Psaki would not guarantee that the problems would be fixed quickly. As of this week, nearly 100 massive container ships idled off the Los Angeles coastline, unable to unload their goods. President Biden’s aides announced the commitments after mounting international shipping delays. WASHINGTON - The White House says the Port of Los Angeles, UPS, FedEx and Walmart will commit to 24/7 work hours to alleviate a supply-chain crunch that threatens to leave presents missing from under Christmas trees. Iran seizes 2 Greek tankers in Persian Gulf as tensions rise West Coast labor contracts set to expire ahead of possible supply chain crisis Labor talks at West Coast ports hit snag as automation remains hot-button issue Snake Island is free, but Biden still needs a plan to break Putin’s blockade
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