Research
The Data Behind the Network
BNG Markets grounds every investment decision in rigorous market research. Our thesis is built on publicly available data, industry reports, and proprietary site analysis covering commercial fleet trends, energy transition timelines, and travel center economics.
HD-BEV Adoption Is Accelerating
Class 8 battery-electric truck registrations are growing at double-digit rates annually. Fleet operators are committing to electrification targets, but charging infrastructure remains the critical bottleneck. BNG Markets is positioned to capture this demand at high-traffic highway locations where dwell time makes charging economically viable.
Conventional Fuels Remain Dominant Through 2040
Industry forecasts consistently project diesel as the dominant commercial fleet fuel through at least 2035–2040. The transition will be gradual and uneven across fleet types and geographies. A multi-fuel strategy captures revenue from both the existing fleet and the emerging electric fleet — without betting on a single outcome.
Fuel Margin Is the Floor, Not the Ceiling
The most profitable travel centers generate the majority of their margin from non-fuel revenue: food service, driver amenities, retail, and fleet services. BNG Markets' hospitality-led model is designed to maximize dwell time and per-visit spend, turning each location into a destination rather than a commodity fuel stop.
Prime Highway Sites Are a Finite Resource
Entitlement complexity, environmental review, and community opposition make new large-format travel center development increasingly difficult. Sites at major interstate interchanges with the right zoning, utilities, and access are rare — and their value appreciates as the network grows around them.
Industry Sources
Key Research & Data Sources
BNG Markets' market analysis draws on reports from the American Trucking Associations, U.S. Department of Energy, NACS (the Association for Convenience & Fuel Retailing), Rocky Mountain Institute, and BloombergNEF, among others. We are happy to share our market analysis with qualified partners and investors.