Breitbart Business Digest: The Economic Consequences of the Baltimore Catastrophe

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by total tons of cargo handled, according to the Bureau of Transportation Statistics, and the seventeenth largest overall in the United States.

“Around the world, about 40 ships, including 34 cargo vessels, have Baltimore listed as a destination, including 10 commercial ships with anchors dropped in nearby waters, according to MarineTraffic, which tracks ships,” the“The collapse of a major Baltimore bridge is likely to shut down coal exports for as many as six weeks and block the transport of up to 2.

Peterson of Flexport points out that between the ongoing Red Sea crisis and the loss of Baltimore’s port,. That, of course, will create potential congestion problems in West Coast ports. . Some of those will have to be put on hold. The additional demand will also fuel inflation, particularly in an economy already straining at full employment and near its productive capacity.President Biden responds to the Baltimore bridge collapse, saying the US government should pay to rebuild a major bridge in Baltimore that collapsed Tuesdayand increasing inflationary pressures in the economy.

 

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