‘Too early to judge': Global carmakers contend with closure at busiest U.S. autos port [CNBC]
General Motors Company (GM)
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Source: CNBC
In a dramatic scene, a cargo ship hit the Francis Scott Key bridge in the early hours of Tuesday morning, causing it to crumple into the water almost immediately. Six people who had been working on the bridge were presumed dead on Wednesday, after rescuers failed to find them. The Port of Baltimore, the 11th largest port in the U.S. and its busiest for autos and light trucks, has been closed until further notice. Logistics companies immediately began rushing to make rearrangements to other East Coast ports to transit their imports and exports. Mercedes-Benz USA CEO Dimitris Psillakis told CNBC on Tuesday that Baltimore was one of the German company's four distribution centres in the U.S., but that other entry ports such as Brunswick, Georgia, would help ease import pressures. “It's too early to see the effects, the situation is still developing and we will do our best to make sure that we find ways to supply the vehicles out in the market, but it's still too early to judge,” Ps
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