HEARTS OF IRON 4 SUPPLY DRIVERS

вЂњOur supply chains are being put to the test, with unprecedented consumer demand and pandemic-driven disruptions combining with the results of decades-long underinvestment in our infrastructure,вЂќ Pete Buttigieg, the transportation secretary, said in a statement. The Biden administration moved this month to nearly double the hours that the Port of Los Angeles is open, shifting to a 24/7 operation.

HEARTS OF IRON 4 SUPPLY DRIVERS

The Transportation Department will provide some of the loan money through its own programs, while also working with the California State Transportation Agency to identify other financing opportunities.Д«acklogs of ships at ports and shortages of shipping containers, truck drivers and warehouse workers have aggravated the delivery delays and rising prices that began when coronavirus outbreaks shut down factories around the world even as demand for goods spiked. The loans could be used to upgrade ports, expand capacity for freight rail, increase warehouse storage and improve highways to reduce truck travel times. But with potentially more than $5 billion in loan money on offer, officials say the investment is a necessary step to bolster the stateвЂ™s aging infrastructure. Most of the projects will probably take years to fund and complete, a department spokesman said, so the initiative will offer little relief for the supply-chain crisis now gripping the globe. WASHINGTON - The Transportation Department will team up with California to provide billions in loans to strengthen the stateвЂ™s overwhelmed ports and supply-chain infrastructure, in an effort to prevent a repeat of the bottlenecks that have crippled the flow of goods into and out of the United States, officials announced on Thursday.

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