Freight railroad CSX is starting a new route between Baltimore and New York with the bridge collapse and port closure expected to create trade issues for weeks.
CSX tells CNBC the new route to move diverted Baltimore imports arriving into the Port of New York and New Jersey starts Tuesday.
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 thewill 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.
Several major ocean carriers have told their shipping clients that once cargo reaches diversion ports, it will be the responsibility of the individual customers to make transportation arrangements.
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