Car Shipper Takes $10 Million Hit From Bridge Collapse
Baltimore Is Biggest Gateway in US for Vehicles
Wallenius Wilhelmsen ASA, one of the largest car shipping companies, said it expects a $5 million to $10 million hit to its earnings from the Baltimore bridge disaster.
The impact is a result of the reduction in logistics operations in Baltimore, one of its ships being unable to exit the port and other disruptions to operations, the company said in a statement. Some of the effects have been mitigated by the rerouting of cargo to and from other U.S. terminals.
