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— - 2 Baltimore's Francis Scott Key - 2 Port - 2 Anirban Basu - 2 It's - 2 Basu - 2 Daraius Irani - 2 Ryan Peterson - 2
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Service - 2 Sage Policy - 2 Regional Economic Studies - 2 Towson University - 2 University of Maryland's Smith School of Business - 2 Business - 1

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☆ A staggering amount of money is slipping away due to the Baltimore bridge collapse
  + stars: | 2024-03-27 | by ( Dominick Reuter | ) www.businessinsider.com   time to read: +4 min
Experts told Business Insider that the port alone contributes $15 million in daily economic activity, which will come to a near standstill "until further notice." While some cargo will have to wait, container ships can largely be rerouted to other east coast locations. Ryan Peterson, the CEO of global logistics firm Flexport, told Business Insider that 800 containers of his were destined for Baltimore, and are now being rerouted. And it's unclear whether East Coast ports will have enough available capacity to absorb Baltimore's container volume, Petersen said. A risk for Baltimore will be whether those route changes are temporary, or if they'll have a lasting impact on the port's business.
Persons: —, Baltimore's Francis Scott Key, Port, Anirban Basu, It's, Basu, Daraius Irani, Ryan Peterson, Petersen, we're, Martin Dresner Organizations: Service, Business, Sage Policy, Regional Economic Studies, Towson University, University of Maryland's Smith School of Business Locations: Port of Baltimore, Baltimore, East Coast, West Coast
☆ Baltimore port closure could cost $15 million per day in lost economic activity
  + stars: | 2024-03-26 | by ( Dominick Reuter | ) www.businessinsider.com   time to read: +4 min
The Port of Baltimore is closed "until further notice" following the collapse of a major bridge. Experts say the closure alone will bring some $15 million of daily economic activity to a halt. Experts told Business Insider that the port alone contributes $15 million in daily economic activity, which will come to a near standstill "until further notice." While some cargo will have to wait, container ships can largely be rerouted to other east coast locations. And it's unclear whether East Coast ports will have enough available capacity to absorb Baltimore's container volume, Petersen said.
Persons: —, Baltimore's Francis Scott Key, Port, Anirban Basu, It's, Basu, Daraius Irani, Ryan Peterson, Petersen, we're, Martin Dresner Organizations: Service, Sage Policy, Regional Economic Studies, Towson University, University of Maryland's Smith School of Business Locations: Port, Baltimore, Port of Baltimore, East Coast, West Coast
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