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Biden Administration Enlists Walmart, FedEx and UPS

Benzinga

78 Views • Oct 13, 2021

Description

President Joe Biden plans to host a meeting that will address supply chain issues and how they threaten the economy. The announcement included news that Walmart ($WMT@US), FedEx ($FDX@US), and UPS ($UPS@US) are going to shift to 24/7 operations to expedite the shipping of goods into the country. The Port of Los Angeles is also going to 24/7 operations to help ease supply chain worries. Samsung ($SSNLF@Korea), Home Depot ($HD@US), and Target ($TGT@US)also plan to increase workloads to move goods faster. Home Depot stock rose a quarter percent in early trading while Walmart stock fell a tenth of a percent. Additionally, UPS and FedEx stocks rose a little less than a percent after the news broke.

Keywords & Tags

#covid #COVID-19 #Coronavirus #Politics #joe biden #pandemic #Biden administration #United States #Walmart #economic recovery #Target #Home Depot #U.S. Government #U.S #government official #Samsung #Delta variant #UPS #Fed officials #President #FedEx #shipping #goods #supply chain #supply chain issues #shipping of goods #247 operations #Port of Los Angeles #move goods

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