Retailers wary of I-95 tolls
The N.C. Retail Merchants Association is adding its voice to those who fear tolls on I-95 could hurt the economy.Posted — Updated
Of particular concern are the large distribution centers used by retailers like Lowes, QVC and Wal-Mart to receive goods from suppliers and ship them to stores. Distribution centers are some of the largest employers in the area and losing them because of increased trucking costs would be a drag on the area's already dragging economy. (It's fair to note that other business experts say the state should be more worried about making sure I-95 is in good repair than the cost of tolls.)
"We have heard from a company, who does not have a large presence in eastern North Carolina, that their initial estimate is an increase of nearly $500,000 annually should tolls be implemented. Because the retail industry is so competitive, and profit margins so tight, many retailers will be forced to choose between significant increases to their bottom-line that they cannot afford, or cutting back operations and expansion plans."
This seems like it might be an issue to watch in the General Assembly short session this May.
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