{"id":24104,"date":"2023-06-17T22:34:49","date_gmt":"2023-06-18T02:34:49","guid":{"rendered":"https:\/\/ifintechworld.com\/investing\/i-95-collapse-highlights-wazes-importance-to-the-u-s-road-network\/"},"modified":"2023-06-17T22:34:50","modified_gmt":"2023-06-18T02:34:50","slug":"i-95-collapse-highlights-wazes-importance-to-the-u-s-road-network","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=24104","title":{"rendered":"I-95 collapse highlights Waze\u2019s importance to the U.S. road network"},"content":{"rendered":"
\n

The collapse of an elevated section of Interstate 95 in Philadelphia has highlighted the importance of mapping and navigations group Waze Inc. to the U.S. road network.<\/p>\n

Several lanes of I-95, a key highway that stretches from Miami to Maine,\u00a0collapsed Sunday after a tanker truck caught fire underneath an overpass. A body was recovered from the wreckage on Monday.<\/p>\n

\n

The collapse has resulted in the closure of a stretch of the highway, which carries on average 160,000 vehicles per day, around 8% of which are trucks.<\/p>\n

Related<\/strong>: I-95 collapse could impact retailers\u2019 holiday season plans and freight rates, experts warn<\/p>\n

Waze, which was acquired by Alphabet Inc.\u2019s
\n GOOGL,
\n -1.25%<\/bg-quote><\/p>\n

GOOG,
\n -1.38%<\/bg-quote>
\n Google in 2013, has been working with the Pennsylvania Department of Transportation for a number of years, with the department joining the Waze for Cities public partnership program in 2015. Waze for Cities is described as a zero-cost two-way data exchange for public-sector agencies that aims to reduce traffic and inform infrastructure decisions.<\/p>\n

PennDOT provides Waze with a real-time feed of alerts and road-closure information. Thanks to that feed, Waze was able to quickly make authoritative updates to its map as the disaster unfolded, MarketWatch has learned. The first closures were posted in the feed by 6:40 a.m. Eastern time on Sunday and appeared on the Waze map minutes later.\u00a0Waze\u2019s local\u00a0Map Editor Community of volunteers who update the Waze map in real time added additional details in the hours that followed. And as PennDOT develops a response to the collapse, Waze is working with the agency to keep the Waze Map updated with street-configuration or direction changes.<\/p>\n

Speaking at a press conference at the collapse site Monday, U.S. Transportation Secretary Pete Buttigieg discussed the importance of Google and Waze in the wake of the I-95 section collapse. \u201cThere\u2019s going to be a lot of work, analysis and support going into making sure that we make the most of alternative routes,\u201d he said. \u201cWe\u2019re even making contact with Google and Waze to try to optimize any kind of software information that is reaching drivers, whether it\u2019s commuters, travelers or truckers.\u201d<\/p>\n

Related<\/strong>: After Philadelphia I-95 collapse, Buttigieg weighs supply chain, economic impact: \u2018That is a lot of America\u2019s GDP moving along that road\u2019<\/p>\n

Waze works with a number of U.S. public agencies, including the California and Florida transportation departments, which provide feeds to keep Waze users informed about the latest road conditions and out of harm\u2019s way. Waze, for example, was able to harness data from the Florida Department of Transportation during Hurricane Ian last year.<\/p>\n

Logistics experts have warned that the disruption caused by the I-95 collapse could have widespread implications.<\/p>\n

At Monday\u2019s press conference, Buttigieg described the impact on supply chains in the region. \u201cPart of what goes into the cost of everything that we pay for in the store is the cost of shipping, and if a route is disrupted, or if it\u2019s longer, or if trucks have to wait, that finds its way into the cost of goods,\u201d he said.<\/p>\n

Related<\/strong>:\u00a0I-95 collapse may snarl traffic for months. But a media legend was born.<\/p>\n

In response to a reporter\u2019s question, Buttigieg acknowledged that the disaster could push prices for goods up. \u201cIt\u2019s one of many, many factors that can affect the cost of shipping, but, here on the East Coast, there\u2019s no question that the effect will be upward pressure until it can be completely resolved,\u201d he said.<\/p>\n<\/p><\/div>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The collapse of an elevated section of Interstate 95 in Philadelphia has highlighted the importance of mapping and navigations group Waze Inc. to the U.S. road network. Several lanes of I-95, a key highway that stretches from Miami to Maine,\u00a0collapsed Sunday after a tanker truck caught fire underneath an overpass. A body was recovered from […]<\/p>\n","protected":false},"author":1,"featured_media":21569,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[239],"tags":[83],"class_list":["post-24104","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-investing","tag-featured","post_format-post-format-video"],"yoast_head":"\nI-95 collapse highlights Waze\u2019s importance to the U.S. road network | iFintechWorld<\/title>\n<meta name=\"description\" content=\"The collapse of an elevated section of Interstate 95 in Philadelphia has highlighted the importance of mapping and navigations group Waze Inc. to the U.S.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=24104\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" 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