The collapse of the Francis Scott Key Bridge in Maryland has profound economic effects on imports, exports, auto industry, and tourism.
hit a support column on the Baltimore bridge around 1:30 a.m. Tuesday, causing it to fall and sending at least seven cars plunging into the Patapsco River.A cargo ship is stuck under part of the structure of the Francis Scott Key Bridge after the ship hit the bridge on Tuesday, March 26, 2024, in Baltimore, Maryland.
It generates more than $395 million in taxes, $2.6 billion in business income, and $3.3 billion in total personal income. Maryland resident Greg Trenchard, who often travels across the bridge to take photos at sunrise and sunset, called the collapse and closing of the port a blow to the city. “The question is how quickly ocean freight carriers can put diversions in place, particularly for vessels already en route to Baltimore or containers at the port waiting to be exported,” she“Far East to U.S. East Coast ocean freight services have already been impacted by drought in the Panama Canal and recent conflict in the Red Sea, which saw rates increase by 150%,” she added. “This latest incident will add to those concerns.
John Lawler, Ford Motor Company’s chief financial officer, told Bloomberg TV that the port closing will have an impact on sales. “We’ll work on the workarounds,” he added. “We’ll have to divert parts to other ports along the East Coast or elsewhere in the country.” Despite the degrees of disruption, the bridge collapse and port closing come at a time when the auto industry was just starting to bounce back from the pandemic and problems with the global supply chain.A cargo ship approaches the Port of Baltimore, Monday, March 21, 2022, in Baltimore.
“We do expect there to be a ripple effect, but it’s a bit too early to say what the impact will be,” he said. An Amazon Prime truck and a U.S. Postal Service truck make deliveries at an apartment complex in Pittsburgh on Feb. 15, 2024.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Ripple CTO Makes Crucial Statement on Just Launched Ripple's AMM on XRPLRipple CTO Schwartz has made warning about using just launched Ripple's AMM on XRP Ledger
Weiterlesen »
Weather to play critical role in aftermath of Francis Scott Key Bridge disaster in BaltimoreCatastrophe struck the Baltimore area early Tuesday morning after a massive ship collided with the Francis Scott Key Bridge, causing the 1.6-mile, four-lane bridge to crumble into the Patapsco River. Two people have been pulled from the water, but several people remain missing after vehicles on the bridge fell into the river. The weather will...
Weiterlesen »
Baltimore’s Francis Scott Key Bridge Collapses After Being Hit By Cargo ShipVideo of the incident appears to show the ship losing power twice before crashing into a bridge support
Weiterlesen »
Baltimore bridge collapse: When was the Francis Scott Key Bridge built?Officials are searching the Patapsco River Tuesday morning after the Francis Scott Key Bridge collapsed overnight, sending vehicles and people into the water.
Weiterlesen »
Baltimore's Francis Scott Key Bridge Collapses After Cargo Ship CollisionSee multiple perspectives from WBAL 11, New York Post (News), and HuffPost at AllSides.com.
Weiterlesen »
'We are Baltimore strong': Leaders, athletes react to Francis Scott Key Bridge collapseAs news spread of the collapse of Baltimore's Francis Scott Key Bridge, people quickly took to social media to share their thoughts and prayers for those involved.
Weiterlesen »