Selloff or Market Correction? Either Way, Here's What to Do NextSee Overvalued Stocks

Philadelphia highway collapse will take months to rebuild, governor says

Published 06/11/2023, 11:12 AM
Updated 06/12/2023, 03:41 AM
© Reuters. A general view shows the partial collapse of Interstate 95 after a fire underneath an overpass in Philadelphia, Pennsylvania, U.S., June 11, 2023. City of Philadelphia Office of Emergency Management/Handout via REUTERS

By Jarrett Renshaw

PHILADELPHIA (Reuters) - A portion of a vital highway on the East Coast of the U.S. collapsed in Philadelphia after a tanker truck carrying gasoline caught fire underneath an overpass, officials said on Sunday.

No deaths or injuries were reported, but officials said the situation remains fluid and that investigators were still searching the scene of the collapse.

Smoke billowed from the rubble of the collapsed section of the northbound lanes of I-95, the main north-south interstate on the East Coast, running from Miami through Washington and New York before ending at the Canadian border in the state of Maine. The southbound overpass was closed as the fire made it structurally unsound, officials said.

Pennsylvania Gov. Josh Shapiro said at a press conference that it would likely take "some number of months" to fully rebuild the roadway, over which roughly 160,000 vehicles pass daily. He said he would sign a disaster declaration on Monday, freeing up federal funds and other help.

Shapiro said the tanker was carrying a "petroleum product" but would not offer more details. The U.S. National Transportation Safety Board (NTSB) said the tanker was carrying gasoline. NTSB sent a team to investigate.

Shapiro said that while a "very light sheen" could be seen in the Delaware River near where the gasoline tanker caught fire indicating some gasoline may have spilled into it, booms were quickly put into the water to contain the spread.

"There is no threat to anyone's drinking water," Shapiro said.

U.S. President Joe Biden was briefed on the collapse and the White House has offered assistance to state and local officials, according to White House press secretary Karine Jean-Pierre.

U.S. Transportation Secretary Pete Buttigieg said the closure of I-95 will have "significant impacts" on the region and the city of Philadelphia.

This stretch of the I-95 corridor sits in the dense northeast section of Philadelphia and connects the city to its northern suburbs, such as Bucks County.

© Reuters. A general view shows the partial collapse of Interstate 95 after a fire underneath an overpass in Philadelphia, Pennsylvania, U.S., June 11, 2023. City of Philadelphia Office of Emergency Management/Handout via REUTERS

On a Sunday in the summer, it is routinely used by beachgoers coming home from the Jersey Shore. During the week, it is crowded with commuters and vehicles traveling to Boston, Baltimore and Washington.

Officials said travelers should expect delays and encouraged them to plan alternate travel routes, including trains, for their commutes.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.