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.
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.
A cargo ship, which early investigation seems to point toward having lost power, struck the Francis Scott Key Bridge in the early morning hours Tuesday, sending the 1.6 mile section of Interstate 695 into the Patapsco River and presumably killing six construction workers. Almost 5,000 trucks crossed the bridge daily.
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.
A supply chain expert from the Massachusetts Institute of Technology says the collapse of the Francis Scott Key Bridge in Baltimore, which happened after it was struck by a cargo ship that lost power, will likely have an immediate and painful impact.