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Back it UpCategoryFactsheetsFactsheets CategoryIndustry NewsIndustry NewsResources

Back It Up: October 2023 Market Report

October 6, 2023 By L dobbins0 Comments
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October saw many events take place to prepare the industry for long-term success as colder weather and winter approaches. Indiana adds 200 truck parking spaces at Kankakee Welcome Center to address shortages and create a safer environment. At the ports, port authorities are exploring real-time cargo tracking, with privacy concerns raised. American electric vehicle manufacturer, Rivian, plans to open Atlanta space to showcase its brand and confirms a $5 billion Georgia factory for R2 crossover production. These many advancements are encouraging for the transportation industry!

Additionally, Trucking fleets face complexities due to evolving emissions regulations in California and the need for zero-emission technology. UPS highlights renewable natural gas as a solution. CARB’s ACT rule may limit diesel truck availability, and congestion added significant costs in 2021. This congestion problem, cost the industry an enormous $94.6 billion. On a much more positive note, The Women in Motion group is expanding its memberships and resources to support female independent contractors. As the darkness roles in earlier, and we reflect on October, we are excited for what’s to come in the industry.

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