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A surfer waits for waves at Huntington Beach, California on Setember 25, 2021 as container ships wait offshore. Photo: Frederic Brown/AFP via Getty Images

The Biden administration is working with private companies, port officials and unions to keep the Port of Los Angeles running 24/7 in order to reduce the backlog of cargo ships floating in the Pacific, according to administration officials.

Why it matters: With the International Monetary Fund citing supply chain problems as a major factor in cutting global growth projections, the White House is scrambling to address some of the sources of the problem at U.S. ports.

  • The delays caused by shipping logjams could leave holiday shelves bare, with disruptions affecting everything from retail, to remodeling to rental cars.

Driving the news: The White House is on Wednesday convening business and union leaders, as well as port officials, to discuss the delays at ports and the congestion across the transportation systems.

  • President Biden will meet with leaders from the ports of Los Angeles and Long Beach and the International Longshore and Warehouse Union to discuss how they address the challenges in Southern California.
  • They will announce public and private commitments to improve operations at the Ports of Los Angeles and Long Beach, which together are the point of entry for 40 percent of containers to the U.S.

What to watch: The goal is to accelerate the shipments of goods throughout the country.

  • Walmart, UPS, FedEx, Samsung, The Home Depot and Target will all be part of the effort.

Between the lines: The International Longshore and Warehouse Union (ILWU) has agreed to have its members work those extra shift to expand capacity.

  • The Port of Los Angeles will expand to 24/7 operations following the Port of Long Beach last month.

Go deeper: Era of depletion and disruption

Go deeper

Flexport CEO warns supply chain crisis isn't getting better

America's supply chain crisis isn't getting much better, despite getting lots of attention and federal funding, Flexport CEO Ryan Petersen tells "Axios on HBO."

Behind the scenes: Petersen and Axios' Dan Primack took a boat ride through the Ports of Los Angeles and Long Beach, and saw idle terminal cranes, packed container yards and dozens of cargo ships anchored offshore.

Former D.C. Guard alleges Army Generals lied about Jan. 6 response

Members of the National Guard and Capitol police keep a small group of pro-Trump demonstrators away from the Capitol following the insurrection on Jan. 6. Photo: Spencer Platt/Getty Images

A former D.C. National Guard official has alleged that top Army generals "lied" to Congress in their testimony on the U.S. Capitol riot, Politico first reported Monday.

The big picture: Col. Earl Matthews, who was serving on Jan. 6, alleges in a memo that the official version on the military response is "worthy of the best Stalinist or North Korea propagandist" and that the Pentagon inspector general's November report on it features "myriad inaccuracies, false or misleading statements, or examples of faulty analysis."

Toyota to build $1.3 billion U.S. battery plant in North Carolina

The all-electric Toyota bZ4X, the company's first battery-electric vehicle, at the Los Angeles Auto Show in Los Angeles, California on Nov. 17. Photo: Frederic J. Brown/AFP via Getty Images

Toyota announced Monday it's investing $1.3 billion to construct an electric vehicle battery "megasite" near Greensboro, North Carolina, set to open in 2025.

Why it matters: Toyota's Prius hybrid won environmental plaudits when it launched in 1997, but it has since lost ground to electric vehicle world leader Tesla, per Axios' Joann Muller. This battery plant will be the first to produce automotive batteries for Toyota in North America.