The closure of the Port of Baltimore Tuesday appears to be spurring outbound flatbed spot market rates, with rates from Baltimore to western Maryland and the Midwest rising by double-digit percentages in some lanes.
As shippers face another ocean freight disruption — this time at the Port of Baltimore — companies are yet again making contingency plans to ensure on-time cargo delivery.
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 Inbound Logistics editors selected the Top 100 Logistics & Supply Chain Technology Providers—companies offering the innovations their customers need to optimize and streamline supply chain operations.
US corn futures and other agricultural and grain futures have been jittery ahead of what is sure to be a big Thursday for all grain stocks.
NBC News’ Rob Wile and Shannon Pettypiece reported Tuesday that “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” that has blocked access for ships to the port.
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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