Baltimore port closure puts truck drivers who haul autos in a bind [Yahoo! Finance]
Norfolk Southern Corporation (NSC)
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Source: Yahoo! Finance
But Baltimore is not a major intermodal port, with estimates that its share of U.S. intermodal traffic is in the low single digits. What the Port of Baltimore is, however, is a huge gateway for automobile imports and, to a lesser extent, car exports. And that fact is likely to shake up the niche truck segment of auto haulers. Guy Young is the general manager of the Auto Haulers Association of America. Reached by phone Monday, the day of the Francis Scott Key Bridge collapse, he assessed his members' industry as it suddenly deals with the loss of its biggest import point. “What car haulers need that not necessarily any of the other types of container shippers need are places to store the cars until the auto haul trucks come in and pick them up,” Young said. That means parking lots — big ones — and not every port has them. And if they do, there is not necessarily spare capacity beyond what they are utilizing now. “Containers require a space to put them, too, but you can stack
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News
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- The Brotherhood of Locomotive Engineers and Trainmen, an Affiliate of the International Brotherhood of Teamsters, Calls for New Leadership at Norfolk SouthernBusiness Wire
- Ancora’s Proposed Directors and Management for Norfolk Southern Win Support from the Brotherhood of Locomotive Engineers and Trainmen Division of the International Brotherhood of TeamstersBusiness Wire
NSC
Earnings
- 4/24/24 - Miss
NSC
Sec Filings
- 4/26/24 - Form DEFA14A
- 4/26/24 - Form DEFA14A
- 4/26/24 - Form DFAN14A
- NSC's page on the SEC website