Latest Regional Business Headline
Report: Mass. roads, traffic cost motorists $8.3 billion a year
One-fifth of major Massachusetts roads and highways are deficient and the combined gridlock, safety hazards and poor road conditions add up to $8.3 billion in additional costs to motorists, according to a report released Tuesday. The costs stem from vehicle depreciation and repair costs, increased tire wear associated with poor pavement conditions, the financial cost of traffic accidents, and the cost of time spent in traffic and fuel wasted during tie-ups, according to the report by the Washington, D.C.-based TRIP research company. Read more here.
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