Back It Up: May 2023 Market Report

Warm weather and summer are finally here, as we look back at the month of May. The US natural gas sector is removing rigs due to oversupply and falling prices, leading to reduced production and drilling, while the Alligator River Bridge in North Carolina is being converted to a fixed span, saving truckers costs and eliminating long detour. Truckers also plan to boycott freight transportation to Florida, opposing the state’s law on migrants that invalidates out-of-state driver’s licenses and mandates work authorization verifications.

Additionally, truck drivers in PA face a severe shortage of safe parking spaces, making it one of the most challenging states for finding reliable parking. A new battery swapping company has quietly deployed quick charging swap stations in the Bay Area, offering an effective alternative for ride sharing and delivery fleets without home charging capabilities. As May comes to a close, this dynamic industry continues to experience daily progress and ongoing advancements.