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Railroad CSX adding new freight route on Tuesday to avoid Port of Baltimore after bridge collapse - TL;DR CNBC

Railroad CSX adding new freight route on Tuesday to avoid Port of Baltimore after bridge collapse

Publishing timestamp: 2024-04-02 10:05:45


Summary

CSX is starting a new dedicated freight rail service between Baltimore and New York to help mitigate trade disruption caused by the closure of the Port of Baltimore after a bridge collapse. Cargo congestion is expected, and several major ocean carriers are diverting shipments to other ports. The situation is still being assessed.


Sentiment: MIXED

Tickers: CSWCCSX

Keywords: shippingenvironmentcapital southwest corpbusiness newscsx corptransportation and shippingbaltimorenew yorktransportationrailroadbreaking news: business

Source: https://www.cnbc.com/2024/04/01/csx-starts-new-freight-rail-route-to-avoid-port-of-baltimore-closure.html


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