Baltimore braces for economic hit amid fears port shuttered for months

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Businesses that depend on Baltimore’s port are bracing for a lengthy interruption in port operations that could exact a steep financial toll.

Downtown Baltimore. Carolyn Van Houten/The Washington Post

“We believe it’s going to be six months. That’s what we’re telling our shippers,” said Rich Kane, 54, who owns trucking, warehousing and freight brokerage businesses that serve the port under the Kane Group. Vinny’s Cafe on Friday in Baltimore, where local businesses are fearing an economic impact from the collapse of the Francis Scott Key Bridge.

First responders and members of the Maryland National Guard survey the cargo ship that collided with the Francis Scott Key Bridge on Tuesday. Reminders of Baltimore’s faded industrial prowess dot the port environs. A General Motors plant that employed several thousand workers within sight of the water closed in 2005. Less than 10 miles away sits a former Bethlehem Steel facility on Sparrows Point.Baltimore’s logistics cluster has been under pressure in recent years. Maryland lost about 3,100 trade and transportation jobs since 2019, even as nationwide employment in the sector grew by nearly 5 percent.

Contracts to handle cargo that come from, or is bound for, customers in the Baltimore region would quickly return once the port resumes operations.

 

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