Baltimore Bridge Collapse and Port Closure Send Companies Scrambling to Reroute Cargo

  • 📰 BreitbartNews
  • ⏱ Reading Time:
  • 62 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 28%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

Source of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.

is diverting shipping and trucking around one of the busiest ports on America’s East Coast, creating delays and raising costs in the latest disruption to global supply chains., ship traffic entering and leaving the Port of Baltimore was suspended indefinitely. That will require rerouting vessels or their cargo to other ports, potentially causing congestion and delays for importers, said Judah Levine, head of research for the global freight booking platform Freightos.

Gail noted that 1.3 million trucks cross the bridge every year — 3,600 a day. Trucks that carry hazardous materials will now have to make 30 miles of detours around Baltimore because they are prohibited from using the city’s tunnels, she said, adding to delays and increasing fuel costs. “Everybody is trying to figure out the impact of the supply chain” from the loss of the bridge, said Gold who spoke with big and small retailers Tuesday. “What they had going into the port or what is currently at the port destined for somewhere else.”Americans should expect shortages, said Ryan Petersen, CEO of the supply chain management company Flexport. He said the accident would have significant repercussions for ocean container shipping and East Coast trucking logistics.

In an aerial view, cargo ship Dali is seen after running into and collapsing the Francis Scott Key Bridge on March 26, 2024 in Baltimore, Maryland. The Port of Baltimore is one of the largest vehicle handling ports in the U.S., and a lengthy closure could disrupt the supply of. In 2022, Baltimore ranked No. 1 with more than 750,000 vehicles going through the port, 70% of them imports, according to the publication Automotive Logistics.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 610. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Logistics companies scramble after bridge collapse closes Port of Baltimore until further noticeBaltimore’s Francis Scott Key Bridge collapsed after the 10,000 container-capacity vessel Dali collided with a bridge pillar. Rescue efforts are underway.
Source: nbcsandiego - 🏆 524. / 51 Read more »

Baltimore bridge collapse and port closure send companies scrambling to reroute cargoThe stunning collapse of Baltimore’s Francis Scott Key Bridge is diverting shipping and trucking around one of the busiest ports on America’s East Coast.
Source: ksatnews - 🏆 442. / 53 Read more »

Baltimore bridge collapse and port closure send companies scrambling to reroute cargoThe NTSB is providing an update on the Francis Scott Key Bridge collapse in Baltimore.
Source: FCN2go - 🏆 523. / 51 Read more »