Baltimore bridge collapse a jolt to commerce
Marketplace
Marketplace
4.6 • 8.6K Ratings
🗓️ 26 March 2024
⏱️ 26 minutes
🧾️ Download transcript
Summary
The Port of Baltimore is an important link in the U.S. supply chain. For one, it’s the nation’s busiest port for car shipments. But after the Francis Scott Key Bridge collapsed early Tuesday morning, the disruption could be prolonged. Plus, is 67 too young? Why some think the U.S. should raise its retirement age. Plus, how new construction impacts Houston’s housing market and what CHIPS Act funding means for a 1950s-era manufacturing plant in Vermont.
Transcript
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| 0:00.0 | Dell Technologies is celebrating 40 years with anniversary savings on their most popular |
| 0:04.0 | tech like the XPS 13 plus where you can make the everyday easier with Windows 11. |
| 0:08.5 | Save now at Dell.com slash deals. |
| 0:10.5 | On the program today, it's about more than just a single bridge. |
| 0:18.0 | From American public media, |
| 0:20.0 | this is market plays. This is In Los Angeles, I'm Kai Rosselli's Tuesday, today the 26th of March. |
| 0:35.6 | Good is always to have you along, everybody. |
| 0:38.4 | The events of the early morning hours near the port of Baltimore |
| 0:41.8 | are still playing out. At last word six people who'd been |
| 0:44.9 | repairing potholes on the Francis Scott Key Bridge are still missing. |
| 0:48.8 | National Transportation Safety Board investigators have said they will hold off while the search goes on. |
| 0:55.1 | And in the meanwhile at a press conference this afternoon, |
| 0:58.2 | Transportation Secretary Pete Buttigieg said there would be, and this is a quote, |
| 1:02.1 | major and protracted impacts on the national supply chain |
| 1:06.9 | marketplace is Justin Ho has that part of this story |
| 1:10.1 | The Port of Baltimore isn't huge it's the ninth largest in the US in terms of the value of imports it handles according to the state of Maryland, but Ting Long Die, a professor at Johns Hopkins University in Baltimore, says the port is pretty specialized. |
| 1:24.0 | It's the largest auto port in the United States. |
| 1:28.0 | Dye says autos come into the port from Europe and Latin America. |
| 1:31.0 | Baltimore also takes in a lot of farm machinery and |
| 1:34.0 | construction equipment. Moving all of that stuff off |
| 1:36.6 | containerships and around the country requires a lot of unique shipping |
| 1:40.3 | infrastructure that Baltimore has. |
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