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Of los angeles to quell delays in the supply chain that have contributed to the rising prices. today we have some good news. we re going to help speed up the delivery of goods all across america. after weeks of negotiation and working with my team and with the major union retailers and freight movers, the port of los angeles announced today that it s going to begin operating 24 hours a day, seven days a week. i want to be clear, this is an across-the-board commitment to going 24/7. this is a first big step in speeding up the movement of materials and goods through our supply chain. the white house hopes the added operation time will help end delays on goods as we head into the holiday shopping season. tyler, white house officials have told me now for some weeks they knew this story was coming, and this was sort of peck lating in the background. supply chain issues were being more significant and christmas ....
The big corporations, guess what, the corporations are responsible for making a profit so when you tax me and charge me more i m going to pass it on to the consumer. to stay ahead of the curve i m going to pass it on faster and raise prices faster so i don t have a bad quarter because wall street is not going to forgive me for having a bad quarter. all the prices going up because of the price of oil. and decisions are made based on that basis. want your thoughts on this question, can president biden save christmas, president biden announcing ports in la open 24/7 and interesting ports to help. president biden: walmart, the nation s largest retailers committing to go all in on moving its products 24/7 from ports to their stores nationwide. additionally fedex and ups, two of the biggest freight movers are committing today to significantly increase the amount of goods they are moving at night. ....
Earlier this year. that means an increase in the hours for workers to be moving cargo off ships onto trucks and railcars to get to their destination. more than that, the night hours are critical for increasing the movement of goods because highways, highways are less crowded at night. in fact, during off-peak hours in los angeles, cargo leaves the port at a 25% faster pace than during the day shift. so by increasing the number of late-night hours of operation and opening up for less crowded hours when the goods can move faster, today s announcement has the potential to be a game changer. i say potential. because all of these goods won t move by themselves. for the positive impact to be felt all across the country and by all of you at home, we need major retailers who order the goods and the freight movers who ....
Take the goods from the ships to factories and stores the step up as well. provide these private-sector companies, the ones that higher trucks and railcars and move the goods. on this score, we have some good news to report as well. today walmart, our nation s largest retailer, is committing to go all in on moving this product 24/7 from the ports to their stores nationwide. specifically walmart as much as a 50% increase in the use of off-peak hours over the next several weeks. additionally fedex and ups, two of our nation s biggest freight movers, are committing today to significantly increase the amount of goods they are moving at night. fedex and ups are the shippers for some of our nation s largest stores and they also ship for tens of thousands of small businesses. their commitment to go all in on ....
Shelves faster. i am joined by the executive director of the ports of los angeles and long beach. gene and mario. i apologize. the president of the international longshoreman s union, willie adams bring los angeles and long beach are home to the two of the largest ports in america and together these ports are among the largest in the world. best way to make that point is that 40% of shipping containers that we important to this country come through these two parts. today we have some good news to help speed up the delivery of goods all across america. after weeks of negotiation working with my team and with the major union retailers and freight movers, the ports of ....