This week, the logistics sector is adapting to the aftermath of the Francis Scott Key Bridge collapse in Baltimore, with the Port of Virginia extending hours to manage diverted cargo and Maryland easing trucking regulations. Meanwhile, a $73 million investment in Mississippi aims to boost the cold supply chain, and the federal government’s $8 million grant will expand automotive capacity at the Port of Baltimore. Fuel costs rise again, with diesel prices crossing the $4 mark. Efforts to open a third channel at Baltimore’s port and bipartisan support for federal bridge replacement funding illustrate proactive infrastructure recovery and resilience strategies. Read the full articles for detailed insights into these developments.
Weekly Freight Report: April 12, 2024
April 12th, 2024
Norfolk Expands Hours to Handle Cargo Volumes Shifted From Baltimore
The Port of Virginia extends its operating hours to manage higher cargo volumes diverted from the Port of Baltimore after the Francis Scott Key Bridge collapse.
$73 Million Cold Storage Site Set for Port of Gulfport
Core X Partners is investing $73 million in a cold storage facility at the Port of Gulfport, Mississippi, aiming to boost the Gulf Coast’s cold supply chain and create job opportunities.
Truck Driving, Tax Rules Relaxed Amid Baltimore Bridge Collapse Response
Maryland waives fuel tax requirements and the FMCSA extends driving time regulations for truckers aiding the Francis Scott Key Bridge collapse response, with tax deadline extensions and emergency relief efforts announced.
$8M Grant Will Double Auto Capacity at Port of Baltimore’s Only Unaffected Terminal
President Joe Biden announces a $8 million federal grant to double auto shipping capacity at the Port of Baltimore’s unaffected terminal in response to the Francis Scott Key Bridge collapse.
Average US Diesel Prices Are Again Above $4 per Gallon
U.S. diesel fuel prices have risen back above $4 per gallon, with variations across regions and California recording the highest at $5.259 per gallon.
Third Channel to Open at Baltimore Port as Recovery From Bridge Collapse Continues
A third channel will open at Baltimore’s port this month as Maryland seeks federal aid for 100% of the costs to replace the collapsed Francis Scott Key Bridge, with bipartisan support for the legislation.
