February Likely The Last Positive Month For FTR’s Trucking Conditions Index Until 2021

04.17.20 | FTR

Sharp declines in freight volumes, utilization, and rates due to the COVID-19 pandemic could lead to the worst overall trucking conditions on record during the second quarter of this year, according to FTR’s projections for the Trucking Conditions Index (TCI). FTR forecasts that the TCI will hit its lowest points in April and May, but the current outlook is for the index to remain negative well into 2021.
The most recent final index reading was 0.96 for February, which was down from January but still slightly positive. Before the COVID-19 crisis in March, the TCI had been positive for three straight months, which had not happened in a year.

Click here to view the latest release and an interactive graph of the TCI >

Avery Vise, vice president of trucking, commented, “Although trucking conditions might prove to be comparable to the worst of the Great Recession, the trucking industry " like the rest of the economy " has never seen such an abrupt deterioration. The need to restock grocery shelves provided a brief boost for some segments, but the economic shutdown now has taken a toll on the whole industry. While an economic restart likely will begin in May, the damage wrought during this period will weaken trucking conditions for months to come.”
Details of the February TCI are found in the April issue of FTR’s Trucking Update, published March 31. The April Trucking Update also includes data, analysis, and commentary on load volumes, the capacity environment, rates, costs, and the truck driver situation considering the economic contraction due to COVID-19.

Trucking Update, published monthly, is part of FTR’s Freight Focus and reports data that directly impacts the activity and profitability of truck fleets. As part of Trucking Update, FTR forecasts expected trends in this data and the probable short and long term consequences.
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About FTR
For more than 30 years, FTR has served as the industry leader in freight transportation forecasting for the shipping, trucking, rail, intermodal, equipment, and financial communities in North America. FTR’s experts, with over 250 years of combined experience in the transportation industry, provide quantitative analysis with historical and modal-specific insights. FTR’s reports, data, commentary, and insights help clients evaluate market risks, identify new opportunities, and make informed decisions.
FTR is the only company with a complete set of freight data for all modes of transportation with detail at the 3 Digit STCC commodity level. FTR tracks and forecasts 200+ unique commodity groups both quarterly and annually using their proprietary Freight•cast U.S. freight transportation model. FTR’s Transportation Conference held annually in September in Indianapolis is a unique event bringing together every aspect of the freight transportation world into one place. For more information  

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