Following the collapse of the Francis Scott Key Bridge along Maryland’s I-65 into the Baltimore harbor on Tuesday morning, Baltimore is dealing with logistical and trade issues. After the disaster, Maryland Gov. The Port of Baltimore’s traffic was suspended while Wes Moore declared a state of emergency. Baltimore ranks among the nation’s major- 20 busiest ports. Following the collapse of the bridge, logistical companies operating along the Eastern Coast are frantically trying to reroute containers. According to CNBC,” we have a top priority in getting our clients to create plans for containers that were previously destined for Baltimore and will eventually be discharged at different ports on the Eastern Seaboard,” Brashier, vice president of drayage and intermodal, told CNBC. We must prepare trucking and transload capacity to get that freight to its planned network, Brashier continued. These diverted volumes will have an impact on the ports of New York/New Jersey, Norfolk, and the Southeast. The bridge’s collapse even creates havoc for trucking routes. Baltimore’s ports currently have the majority of their ports blocked; last year, Baltimore moved$ 80 billion in cargo there. Additionally, the bridge serves highway 695, a useful connector for navigating the city. A logistical and traffic nightmare, as well as a potential subtle war. Staggering. https ://t.co/mJcGKDtcKI pic. twitter.com/8 Ea9ZI7JwZ— Drew Marshall | hydrate. eth ( @cryptohydrate ) March 26, 2024The Baltimore Bridge collapse is going to cause massive logistics disruptions. Not just for the Acela region, but for the whole British economy. The Port of Baltimore is one of America’s busiest &, most important, and it’s then cut off. https: //t. co/ESfsd2tmSs— Colby Badhwar (@ColbyBadhwar ) March 26, 2024Fox Business reports: The I- 695 is also a vital link for trucking and motor vehicles linking Washington, Baltimore, Philadelphia and New York and the disaster comes ahead of the future Easter Weekend. The port is the busiest in the U. S. for car shipments, handling more than 750, 000 vehicles in 2023, according to data from the Maryland Port Administration. It is also the largest U. S. port by volume for handling farm and construction machinery, as well as agricultural products. According to the Bureau of Transportation Statistics, it handled a record amount of cargo last year, making it the 20th-largest port in the country in terms of overall tons. The port has grown tremendously over the past few years, and the bridge collapse is going to have a devastating impact on the area, according to Chris Demrovsky, the executive in residence in the world economy at New York University. Demrovsky said,” The widening and deepening of the Panama Canal in 2016 only became that much more important and worthy of docking some of those really big container ships coming out of Asia that could now come through the Panama Canal and go to Baltimore.” Baltimore bridge collapse to bring trade and traffic chaos https ://t.co/8X3gcrZFld — FOX Business ( @FoxBusiness ) March 26, 2024″ This is a MAJOR infrastructure hit. The main port that serves Baltimore and Washington, DC, is the Port of Baltimore. Shipping north of the bridge is currently encircled entirely. No additional shipping can enter. The tunnel shown has height and hazardous cargo restrictions, it ca n’t take the heavy trucking traffic that used the Francis Scott Key Bridge, which took YEARS to build back in the 1970s”, Matt Bracken commented. This is a MAJOR infrastructure failure.
The Port of Baltimore is the main port that supplies Baltimore and Washington, D.C. Shipping north of the bridge is currently encircled entirely. No additional shipping can enter. The tunnel shown has height and hazardous cargo restrictions, it ca n’t … pic. twitter.com/igVpYJcaEn— Matt Bracken ( @Matt_Bracken48 ) March 26, 2024Per CNBC: Retailers like Home Depot, Bob’s Furniture, IKEA, and Amazon are just some of the companies that use the port to import goods. Sugar and gypsum are two of the top imports. According to Richard Meade, editor-in-chief of the shipping journal Lloyd’s List,” This will have an impact on trade all along the East Coast and it will continue until we know how quickly” the port can reopen. According to Meade, vessels were now being diverted to New York and Virginia on Tuesday. As much as Baltimore is shut down as a result, there will be dozens of diversions in the next week and hundreds in the coming months, according to Matt Castle, C. H. Robinson VP for Global Forwarding. ” But for trucks coming into the area from the south, they’ll have to take the I- 95 or I- 895 tunnels or navigate around the harbor. They are close to Baltimore’s metro area, which means that they can make longer trips. Andy Lipow, president of Lipow Oil Associates, stated that “gasoline shipped from Gulf Coast refineries by pipeline is blended with 10 % ethanol that is delivered into the Baltimore area via train and barge.” The oil industry will need to find alternative supply routes for those barge deliveries, which can be transported by truck from Philadelphia in the near future. [[{“value”:”
After the collapse of the Francis Scott Key Bridge in Maryland along I-695 into Baltimore Harbor on Tuesday morning, Baltimore faces a logistical and trade nightmare. Maryland Gov. Wes Moore declared a state of emergencies and vessels were prohibited from entering and leaving the Port of Baltimore. Baltimore is one of the top 20 busiest ports in the country. Logistics companies along the Eastern Coast are scrambling after the collapse of the bridge to reroute container traffic. Paul Brashier is vice president of drayage for ITS Logistics. According to CNBC, “Our first priority” is to engage clients to plan for containers that were originally destined for Baltimore to be discharged in other ports along the Eastern Seaboard. Brashier said that “these diverted volumes will have an impact on the ports of New York/New Jersey and Norfolk, as well as the Southeast. We must prepare trucking and reloading capacity to get this freight to its intended networks.” The collapse of the bridge also causes havoc on trucking routes. The majority of Baltimore’s port are now closed. This city moved $80 billion worth of cargo last year. The bridge also served Highway 695, which is a useful connector for circumnavigating the city. This is a traffic and logistical nightmare, and it’s likely a covert war. Staggering. https://t.co/mJcGKDtcKI pic.twitter.com/8Ea9ZI7JwZ — Drew Marshall | hydrate.eth (@cryptohydrate) March 26, 2024 The Baltimore Bridge collapse is going to cause massive logistics disruptions. Not just the Acela region but the entire American economy. The Port of Baltimore is one of America’s busiest & most important, and it’s now cut off.https://t.co/ESfsd2tmSs — Colby Badhwar (@ColbyBadhwar) March 26, 2024 Fox Business reports: The I-695 is also a critical link for trucking and motor vehicles linking Washington, Baltimore, Philadelphia and New York and the disaster comes ahead of the upcoming Easter Weekend. According to Maryland Port Administration data, the port will handle more than 750,000 cars in 2023. The port is the largest U.S. by volume in handling agricultural products, farm and construction equipment. According to the Bureau of Transportation Statistics, it handled a record amount of freight last year. It is now the 20th largest port in the country ranked by total tons. Chloe Demrovsky is the executive in residence for global economy at New York University. She told Fox News Digital that port has grown dramatically over the past few years, and the collapse of the bridge will have a devastating effect on the area. Demrovsky explained that since the Panama Canal was widened and deepened in 2016, the port has become more important. It can now dock some of the really large container ships that come out of Asia and travel through the Panama Canal to Baltimore. Baltimore bridge collapse to bring trade and traffic chaos https://t.co/8X3gcrZFld — FOX Business (@FoxBusiness) March 26, 2024 “This is a MAJOR infrastructure hit. The Port of Baltimore serves Baltimore and Washington DC. All the shipping north of this bridge is now snarled. No other shipping can enter. The tunnel shown is restricted by height and hazardous cargo. It can’t handle the heavy truck traffic that used to use the Francis Scott Key Bridge in the 1970s, which took YEARS of construction. This is a MAJOR Infrastructure Hit.The Port of Baltimore is a major port that serves Baltimore and Washington DC. All the shipping north of this bridge is now trapped. No other shipping is allowed in. The tunnel shown has height and hazardous cargo restrictions, it can’t… pic.twitter.com/igVpYJcaEn — Matt Bracken (@Matt_Bracken48) March 26, 2024 Per CNBC: Retailers like Home Depot, Bob’s Furniture, IKEA, and Amazon are just some of the companies that use the port to import goods. Sugar and gypsum are also among the top imports. Richard Meade is the editor-in-chief at the shipping journal Lloyd’s List. He said that the impact on trade along the East Coast will continue until it’s known how quickly the port will reopen. Meade said that vessels were already diverted to New York on Tuesday and to Virginia. Matt Castle, C.H.’s VP of Global Forwarding, said that there will be hundreds of diversions over the next few months if Baltimore remains closed. Robinson told CNBC that trucks entering the port area from north should experience minimal delays. “But trucks coming in from the south will have to use the I-95 and I-895 tunnels, or navigate around the harbour. This will bring them closer to the metro area of Baltimore, and could add an hour to their trip. There may also be disruptions in gasoline availability in Baltimore due to ethanol arriving by rail and barge. Andy Lipow, president at Lipow Oil Associates, said that gasoline shipped by pipeline from Gulf Coast refineries is blended with 10% of ethanol and delivered to the Baltimore area by train and barge. “The oil industry must find alternative supply routes for barge deliveries, which can be met in the short-term by trucking it into Philadelphia.”
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