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I-95 Collapse to Lift Prices of East Coast Goods, Buttigieg Warns

The failure is having an outsized impact on commuters and the movement of goods and services, Buttigieg said Tuesday at a press conference at the site. 

The 1,924-mile (3,096-kilometer) interstate runs from Miami to the Maine-Canada border. It’s part of a critical long-distance trucking and commuting route. The portion of the highway, which collapsed after a tanker-truck fire on Sunday, carried an average of 160,000 vehicles a day, he said, 8% of which were trucks. 

“Obviously, that is a lot of America’s GDP moving along that road every single day,” Buttigieg said.

The incident is being investigated by the US National Transportation Safety Board, which expects to produce a preliminary report in two to three weeks.

©2023 Bloomberg L.P.


Source: Economy - investing.com

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