After the collapse of a section of I-95 in Philadelphia over the weekend, the U.S. Department of Transportation is warning that the price of goods will rise on the East Coast. The portion of the highway that collapsed carried an average of 160,000 vehicles per day, 8% of which were commercial trucks. "Obviously, that is a lot of America's GDP moving along that road every single day," U.S. Transportation Secretary Pete Buttigieg said. - A tanker-truck fire caused a portion of the interstate to collapse on Sunday.
- Commercial trucks will now be subject to a 40-mile detour, consisting mostly of non-interstate roads with more than 60 traffic lights.
- Road closures may cause more people to work from home or avoid travel in the area, suggested S&P Global Ratings. This could negatively impact Philadelphia's economic streams.
- Pennsylvania Gov. Josh Shapiro said it could take months to access federal funding to work on repairs.
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