CBRE’s Post

Baltimore Bridge Collapse - Update Following the collapse of the Francis Scott Key Bridge in Baltimore 10 days ago, the port remains closed with the expectation being that it won’t fully reopen until mid- to late May. Please find a full overview of challenges and considerations, next steps, and expected operational impact here: https://bit.ly/4cOyNtF #supplychain #operations #usa #baltimore #shipping #oceanfreight

The accidental destruction of the Francis Scott Key Bridge has caused a significant setback for the Port of Baltimore. As the 11th largest port by container imports, the Port handles 559,000/year 20-foot equivalent units. However, with LA/Long Beach at 8.2 million, NY/NJ at 4 million, and Savannah at 2.4 million, supply chains will adapt, but Baltimore will suffer. The Port directly employs 15,300 individuals and generates a whopping $3.3 billion in personal income. The impact of the destruction of the bridge on the local community and economy cannot be overlooked. Let's keep the Port of Baltimore in our thoughts during this challenging time. #PortOfBaltimore #SupplyChain #Economy #bassickadvisors #catherinebassick #bostonrealestate #realestate

The Francis Scott Key Bridge in Baltimore (Maryland) has collapsed after a cargo ship, Dali, collied with it. Baltimore City Fire Department has called it a "developing mass casualty event". The 1,200 feet (366 m) span bridge was the third longest span of any continuous in the world. The bridge was named in honor of Francis Scott Key, the author of the United States national anthem, "The Star-Spangled Banner," who was born in the nearby neighborhood of Fells Point. Construction of the Key Bridge began in 1972 and was completed in 1977. It was designed by the engineering firm J.E. Greiner Company. Approximately 10 vehicles and 7 construction workers were on the bridge as it collapsed and 20 people are missing. The ship is a Singapore-flagged container ship, the #Dali. The collapse took place at 1:30am Eastern time. Governor Wes Moore said he declared a state of emergency in Maryland and is working with federal agencies to deploy resources for the response. The Key Bridge was a vital transportation link in #Baltimore, providing direct access to Interstate 95, which connects the city to Washington, D.C. and other major cities on the East Coast. The bridge was a notable landmark in Baltimore and is featured prominently in photographs and postcards of the city's skyline. The Key Bridge offered stunning views of Baltimore's Inner Harbor, Fort McHenry, and the historic neighborhoods of Federal Hill and Locust Point. 🎥Sky News #Shipping #Markets #GDP #Growth #Economy #Supplychain #Logistics #Trade #GlobalTrade #WorldEconomy

The Eugene Talmadge Memorial Bridge over the Savannah River is named after the nearly century-old Georgia governor who was a supporter of segregation, and the concrete bridge is a relic of the Jim Crow era. The bridge, built 33 years ago, is modern by US infrastructure standards. But economic progress and the changing winds of world trade made it a liability. That's why state officials plan to spend $189 million to shorten the cables connecting the bridge in order to raise it as high as possible, in addition to other upgrades. The additional height will allow longer vertical vessels to access expanded berths from the mouth of the river to the Port of Savannah, the nation's fourth-busiest port in terms of container traffic. Upgrading the Tallmadge Bridge is a small but essential step as the Georgia Ports Authority looks for $4.5 billion in investments over the next decade, a direct challenge to the three major U.S. container ports.

Did you know that the birth of America’s modern Interstate Highways dates back to 1921 when Congress passed the Federal Highways Act? The Federal Highways Act of 1921 authorized the Bureau of Public Roads to begin funding State highway agencies in an attempt to develop an Interstate system of two lane, paved highways as a means of bringing together the States of our young country. After many years of successful progress, including passing the Miller Act of 1935 which provided much needed protections for the contractors involved in the Federally funded projects, the construction of the Interstate Highways system came to a near halt in 1941 as the United States became more actively involved in World War II. Follow the URL provided below to learn more. https://lnkd.in/gcnWwqCA #EarthlyInfrastructure #AmericanHighways #AmericanHighwayHistory International Code Council

Did you know that the birth of America’s modern Interstate Highways dates back to 1921 when Congress passed the Federal Highways Act? The Federal Highways Act of 1921 authorized the Bureau of Public Roads to begin funding State highway agencies in an attempt to develop an Interstate system of two lane, paved highways as a means of bringing together the States of our young country. After many years of successful progress, including passing the Miller Act of 1935 which provided much needed protections for the contractors involved in the Federally funded projects, the construction of the Interstate Highways system came to a near halt in 1941 as the United States became more actively involved in World War II. Follow the URL provided below to learn more. https://lnkd.in/ghfhZejQ #EarthlyInfrastructure #AmericanHighways #AmericanHighwayHistory International Code Council

January 5, 2024 America’s birth of modern Interstate Highways dates back to 1921 when Congress passed the Federal Highways Act. The Federal Highways Act of 1921 authorized the Bureau of Public Roads to begin funding State highway agencies in an attempt to develop a Interstate system of two lane, paved highways as a means of bringing together the States of our young country. After many years of successful progress, including passing the Miller Act of 1935 which provided much needed protections for the contractors involved in the Federally funded projects, the construction of the Interstate Highways system came to a near halt in 1941 as the United States became more actively involved in World War II. Learn more about America's Highway History by follow the URL provided here. https://lnkd.in/gcnWwqCA #EarthlyInfrastructure #AmericanHighwayHistory #Infrastructure #Trademark

January 5, 2024 America’s birth of modern Interstate Highways dates back to 1921 when Congress passed the Federal Highways Act. The Federal Highways Act of 1921 authorized the Bureau of Public Roads to begin funding State highway agencies in an attempt to develop a Interstate system of two lane, paved highways as a means of bringing together the States of our young country. After many years of successful progress, including passing the Miller Act of 1935 which provided much needed protections for the contractors involved in the Federally funded projects, the construction of the Interstate Highways system came to a near halt in 1941 as the United States became more actively involved in World War II. Learn more about America's Highway History by follow the URL provided here. https://lnkd.in/ghfhZejQ #EarthlyInfrastructure #AmericanHighwayHistory #Infrastructure #Trademark

🌊🛤️ Cape Cod Trivia: Dive into the captivating history of the Cape Cod Canal, a man-made wonder that turned Cape Cod into an island over a century ago! The canal's journey, from a 17th-century idea to a 20th-century marvel, is steeped in innovation and ambition. 📜 The vision for the canal dates back to the 1620s, originating from the Pilgrims' desire for a safer, more efficient trade route. Imagine the challenge of shipwrecks happening every two weeks along Cape Cod’s shores back in the 1880s! George Washington himself saw the strategic importance of such a canal during the Revolutionary War. 🌉 Fast forward to the early 1900s, financier August Belmont II and engineer William Barclay Parsons began transforming this vision into reality. Despite facing massive boulders and financial hurdles, their perseverance led to the canal's grand opening in 1914. 🚢 The original Bourne and Sagamore bridges, essential yet initially limited in their design, were later reinvented by the U.S. Army Corps of Engineers. Today, these bridges are not just structures but symbols of enduring ingenuity. Think of this: 🏞️ Every time you cross these iconic bridges, you're stepping into a story of human determination and engineering excellence. 🏡 Feel the pull of history and beauty here? If crossing these bridges feels like arriving 'home', #CompassFreitasMonteforte is your gateway to living this dream. #CompassCapeCod #HomeInHistory #CapeCodLiving #BourneBridge #SagamoreBridge #EngineeringLegacy #MakeCapeCodHome

More dimensions to consider for safer design.