CCJ: Baltimore bridge collapse a ‘logistical hassle,’ long-term effects unlikely
The Baltimore Port has been closed to ship traffic for more than two days, prompting ocean carriers to seek services at other points along the East Coast.
The Baltimore Port has been closed to ship traffic for more than two days, prompting ocean carriers to seek services at other points along the East Coast.
The total collapse of Baltimore's Francis Scott Key Bridge on Tuesday could majorly impact shipping prices for customers from the East Coast to the Midwest.
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Coming off of all-time highs for spot freight volume in January, things in February returned to a more typical seasonal pattern, according to the new edition of the DAT Truckload Volume Index (TVI), which was issued this week by DAT Freight & Analytics.
The collapse of Baltimore’s Francis Scott Key Bridge will significantly impact trucking operations, both regionally and nationwide.
The US economy has withstood a series of supply chain shocks over the past five years, none more sudden and visibly dramatic than the container ship that slammed early Tuesday into Baltimore’s Francis Scott Key Bridge, sending large spans of the nearly 50-year-old steel structure tumbling into the river below.
Several university extension services are warning wildfires could have a significant impact on the coming growing season.
The bridge collapse Tuesday that shut the Port of Baltimore and closed a major highway will cause weeks or months of transportation disruptions in the Mid-Atlantic region and accelerate a shift of cargo to the US West Coast as importers and exporters try to avoid potential bottlenecks at trade gateways from Boston to Miami.
Customers from the East Coast to the Midwest who were expecting goods shipped in via the Port of Baltimore could see significant cost increases as a result of Tuesday's collapse of the Francis Scott Key Bridge in Baltimore.