BREAKING NEWS

Hurricane Sandy hits travel, cargo operations

Transportation ground to a halt along the US Northeast coast on Monday, stranding local rail commuters, cruise passengers and air travelers from as far away as Europe and Asia, as Hurricane Sandy prompted closure of air, ship, rail and even highway service.
The transport woes also hit cargo operations, adding another dimension to the storm's economic toll.
New Jersey's Garden State Parkway, which has been ranked among the busiest US toll roads, was closed Monday in both directions along its southern 63 miles because of flooding.
Massive cargo container operations in New York and New Jersey shut down very early Monday, and will stay closed indefinitely, the port authority said, stranding millions of dollars worth of goods arriving for the holiday season.
The cost of the cargo disruptions probably won't be large, said Arthur Hatfield, managing director of equity Research at Raymond James in Memphis, Tenn. While cargo gets backed up it eventually gets delivered. "Nothing disappears," he said.
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