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CSX adds new freight route on Tuesday to avoid Port of Baltimore after bridge collapse
STATE OF FREIGHT
Railroad CSX adding new freight route on Tuesday to avoid Port of Baltimore after bridge collapse
PUBLISHED MON, APR 1 2024 • 2:08 PM EDT | UPDATED 5 HOURS AGO
Lori Ann LaRocco
@LORIANNLAROCCO
KEY POINTS
• CSX tells CNBC the new route to move diverted Baltimore imports arriving into the Port of New York and New Jersey starts Tuesday.
• Rail freight that was destined for the Port of Baltimore will be rerouted to the Port of New York and New Jersey.
• Cargo congestion is expected after the bridge collapse that could keep the port closed for weeks to come.
CSX is starting a new dedicated freight rail service between Baltimore and New York for its clients on Tuesday to help mitigate the trade disruption as a result of the closure of the Port of Baltimore after the cargo vessel Dali collided with the Francis Scott Key Bridge leading to its collapse on March 26.
Baltimore-bound rail freight which was diverted to the Port of New York and New Jersey will use this new CSX service, the freight railroad tells CNBC. Freight destined for the Port of Baltimore as exports will also use this new service to get to the Port of New York. The amount of freight being moved on the new line is not being disclosed for now, a CSX spokeswoman said. CSX
is currently in an earnings quiet period.
The railroad explained in an email to CNBC that strategic partnerships with steamship lines allow it to transport freight between New York and Baltimore, using its established international sales network.
The new service “will help to manage the traffic flow that would typically transit through the Port of Baltimore,” the CSX spokeswoman said in a statement to CNBC, though she stressed that the situation at the port is fluid. “While the timeline for resuming freight operations at the Port of Baltimore remains uncertain, we are in constant communication with our customers, providing timely updates on the status of their shipments. CSX is fully dedicated to meeting our customers’ transportation needs during this challenging period.”
{snip}
Railroad CSX adding new freight route on Tuesday to avoid Port of Baltimore after bridge collapse
PUBLISHED MON, APR 1 2024 • 2:08 PM EDT | UPDATED 5 HOURS AGO
Lori Ann LaRocco
@LORIANNLAROCCO
KEY POINTS
• CSX tells CNBC the new route to move diverted Baltimore imports arriving into the Port of New York and New Jersey starts Tuesday.
• Rail freight that was destined for the Port of Baltimore will be rerouted to the Port of New York and New Jersey.
• Cargo congestion is expected after the bridge collapse that could keep the port closed for weeks to come.
CSX is starting a new dedicated freight rail service between Baltimore and New York for its clients on Tuesday to help mitigate the trade disruption as a result of the closure of the Port of Baltimore after the cargo vessel Dali collided with the Francis Scott Key Bridge leading to its collapse on March 26.
Baltimore-bound rail freight which was diverted to the Port of New York and New Jersey will use this new CSX service, the freight railroad tells CNBC. Freight destined for the Port of Baltimore as exports will also use this new service to get to the Port of New York. The amount of freight being moved on the new line is not being disclosed for now, a CSX spokeswoman said. CSX
is currently in an earnings quiet period.
The railroad explained in an email to CNBC that strategic partnerships with steamship lines allow it to transport freight between New York and Baltimore, using its established international sales network.
The new service “will help to manage the traffic flow that would typically transit through the Port of Baltimore,” the CSX spokeswoman said in a statement to CNBC, though she stressed that the situation at the port is fluid. “While the timeline for resuming freight operations at the Port of Baltimore remains uncertain, we are in constant communication with our customers, providing timely updates on the status of their shipments. CSX is fully dedicated to meeting our customers’ transportation needs during this challenging period.”
{snip}
