Rob Wile is a breaking business news reporter for NBC News Digital.
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. In a statement released after the bridge collapsed early Tuesday, the American Trucking Association estimated that 4,900 trucks per day carrying an annual average of $28 billion worth of goods would have to be rerouted — at a cost to shippers and ultimately consumers.
” Companies may have to reroute their shipments to nearby ports, like those in Georgia or Florida, he said. That will mean higher freight shipping costs as trucks have to travel farther and may have to wait longer to pick up their loads if those ports become congested, Croke said. The complete collapse of the bridge means it could take up to a year for normal logistics patterns to return, said Tinglong Dai, a professor at the Johns Hopkins Carey Business School.
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