The Race to Reroute Goods From Baltimore: Trains, Trucks and Tractors [The New York Times]
Deere & Company (DE)
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Source: The New York Times
New John Deere tractors made their way last week through the sprawling port of Brunswick, Ga., their distinctive green paint glinting in the sunshine. Stevedores drove the tractors up a ramp into the belly of the Leo Spirit, a ship that would take them to Asia.As orderly as everything looked, the tractor convoy was an example of the enormous lengths to which East Coast ports, railways, truckers and shipping lines have gone to remake supply chains after a container ship crashed into the Francis Scott Key Bridge in Baltimore last month. The bridge’s collapse closed most of the Port of Baltimore, which last year handled 1.3 million tons of farm and construction machinery and 50,000 cars and light trucks.The Deere tractors would normally be shipped from Baltimore, getting there on trains from a factory in Waterloo, Iowa, according to Georgia port officials. Instead, the tractors had to be trucked to Brunswick, a journey that adds time and costs.“If we didn’t have Brunswick, I think the su
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Earnings
- 2/15/24 - Beat
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Sec Filings
- 4/30/24 - Form 13F-HR
- 4/18/24 - Form 11-K
- 4/18/24 - Form 11-K
- DE's page on the SEC website