Japan's Mazda may temporarily reroute Baltimore auto shipments, CEO on CNBC
Reuters
Published Apr 09, 2024 08:38AM ET
Updated Apr 09, 2024 12:16PM ET
(Reuters) -Mazda Motor will probably have to temporarily move shipments to another port from Baltimore to avoid delays, the automaker's CEO said in a CNBC interview.
The Port of Baltimore ranks first in the U.S. for volume of autos and light trucks and farm and construction machinery handled and a cargo ship crash into the Francis Scott Key Bridge in March has restricted shipments.
However, CEO Masahiro Moro said Mazda does not currently expect a big impact from the port shutdown.
U.S. automakers General Motors (NYSE:GM) and Ford (NYSE:F) have said they would reroute the affected shipments.
Most of the traffic remain suspended, though some terminal operations outside the affected area have resumed.
Earlier this month, Mazda posted a near 13% rise in first-quarter U.S. sales to 100,103 units from a year earlier.
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Written By: Reuters
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