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Back it UpCategoryFactsheetsFactsheets CategoryIndustry NewsIndustry NewsResources

Back It Up: July 2023 Market Report

July 6, 2023 By L dobbins0 Comments
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As we look back at July, we embrace the summer weather and the busy transportation season that comes with it. In a notable development, the benchmark diesel price reported by the Department of Energy’s/Energy Information Administration experienced a substantial one-week surge of 22.2 cents per gallon, marking as one of the largest. On another front, senators introduced a truck safety bill aiming to enhance truck safety standards and improve highway safety. Additionally, experts believe the combustion engine will continue to play a role as well as addressing fuel-related issues is crucial for sustainability.

There is growing demand to bring veterans into the trucking industry as technicians due to their valuable skills and work ethic gained from the military. IKEA is also set to squire Made4Net, a US based supply chain software and services platform that will enhance logistics operations. Finally, a group of investors plans to address the truck parking issue by converting closed drive-in theaters to provide over 40,000 large parking spots.

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