October 28, 2021
Transportation Secretary Pete Buttigieg: Relaxing trucker regulations under review in supply chain crisis

Transportation Secretary Pete Buttigieg: Relaxing trucker regulations under review in supply chain crisis

Because the supply chain crisis grips the nation and inflation surges, the White Home is mulling enjoyable regulations for truck drivers. 

Transportation Secretary Pete Buttigieg tells FOX Enterprise the allowable hours for drivers are under review to get extra truckers on the highway, however he notes issues of safety are part of that review. 

Ticker Safety Final Change Change %
YELL YELLOW CORP. 7.03 -0.10 -1.40%
JBHT J.B. HUNT TRANSPORT SERVICES, INC. 171.36 +0.97 +0.57%

A senior administration official says the Transportation Division has reached out to native Departments of Motor Autos (DMVs) to attempt to expedite the method of getting business driver’s licenses out sooner. 

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Business driver’s licenses and merge permits issued every month are already 60% greater than the 2020 numbers.

The White Home on Wednesday introduced plans to maintain the Port of Los Angeles open 24 hours a day, seven days per week to assist alleviate the bottlenecks inflicting the large supply disruptions impacting objects reminiscent of bathroom paper, toys and possibly quickly Christmas Bushes. 

Firms from Costco, Intel to Common Motors are coping with product shortages. 

Ticker Safety Final Change Change %
COST COSTCO WHOLESALE CORP. 445.30 -1.57 -0.35%
INTC INTEL CORP. 52.26 +0.09 +0.17%
GM GENERAL MOTORS CO. 57.76 -1.15 -1.95%
Ticker Safety Final Change Change %
WMT WALMART, INC. 138.31 -1.11 -0.80%
FDX FEDEX CORP. 223.82 +2.40 +1.08%
UPS UNITED PARCEL SERVICE, INC. 184.08 +2.13 +1.17%

Walmart, FedEx and UPS have dedicated to helping in the mission utilizing their huge logistical methods. The 2 shippers dealt with 40% of American packages by quantity final yr. 

Because the financial system bounces again from the COVID-19 pandemic, customers have ramped up purchases and factories manufacturing. 

This may increasingly not abate till the worldwide pandemic is formally over, the White Home stated. 

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