Baltimore Port Closure Creates Uncertainty for Businesses

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The March 26 collapse of the Francis Scott Key Bridge left six dead and Baltimore’s port closed to imports and exports. Some 51,000 people rely on the Port, either directly or indirectly, for their jobs. Some high-profile companies immediately shifted gears: first Royal Caribbean International moved its Vision of the Seas ship to sail from the port in Norfolk, Va. Then, CSX Corp., a major freight rail company, decided to add a new train route to bring supplies from Baltimore to New York. For trucking companies based in the city, the port closure has resulted in major shifts in operations and has forced some drivers out of work.

Business support: The U.S. Small Business Administration said more than 1,000 businesses in the Baltimore area have applied for emergency loans following the bridge collapse, with Governor Moore approving $60 million in temporary assistance to workers and businesses last week.

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