Baltimore Congestion Could Curtail Ikea, Starbucks Shipping — Panjiva
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Baltimore Congestion Could Curtail Ikea, Starbucks Shipping

Cons. Discr. - Retailing 517 Consumer Staples 804 Corp - Ports 908 Materials - Construction 120 Mode - Containerized 1523 Mode - Seaborne 1845 Mode - Truck 75 U.S. 5398

Baltimore is the latest port to face congestion issues with truckers’ access being disrupted. Both capacity constraints and labor conditions are being blamed. The port has expanded steadily with a 6.8% growth in traffic in the three years to Dec. 31. More recently growth has been slower in part due to a low exposure to shipments from China. Consignees using the port may look elsewhere – for example Philadelphia – if congestion continues. Ikea had already cut its shipments through the port by 29.9% year over year in 4Q, in part due to tariffs on Chinese furniture exports. Newer or fast gr...

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