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Stock impact report

White House hails 'serious progress' on supply chains despite record backlog at California ports [FOX Business Network]

Union Pacific Corporation (UNP) 
Last union pacific corporation earnings: 4/23 08:00 am Check Earnings Report
US:NYSE Investor Relations: up.com/investors
White House press secretary Jen Psaki on Tuesday hailed the "serious progress" being made in the days following President Biden's efforts to ensure ports in California operate 24 hours a day in an effort to quell the record bottlenecks in the supply chain Psaki, during the White House briefing Tuesday, said she had "some good news on the supply chain front," announcing that Union Pacific Railroad would serve the ports of Los Angeles and Long Beach, and would also operate 24 hours a day, seven days a week, to help move the backlog of containers. RECORD BACKLOG OF SHIPS AT CALIFORNIA PORTS AMID SUPPLY CHAIN CRISIS "The port of Los Angeles executive director Gene Seroka said that we have already cut in half the amount of cargo that is sitting on the docks for 13 days or longer," Psaki explained. "That is serious progress, and this commitment from the railroad is just the latest step toward a 24/7 supply chain, and the result of important partnerships between business, labor and th Show less Read more
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