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FTR Trucking Conditions Index for November Stayed in Slightly Negative Territory

01.16.20 | FTR

FTR’s Trucking Conditions Index (TCI) declined in November to a reading of -1.58 with weaker spot rates primarily responsible. Overall, trucking conditions are holding in a narrow window generating slightly negative readings for the TCI. The FTR forecast is for it to remain in near neutral range until conditions improve modestly in late 2020.
 
Details of the November TCI are found in the January issue of FTR’s Trucking Update, published December 20, 2019. The ‘Notes by the Dashboard Light’ section discusses the possible impacts of coming regulatory changes at the state, national and global levels. Along with the TCI and ‘Notes by the Dashboard Light,’ the Trucking Update includes data and analysis on load volumes, the capacity environment, rates, costs, and the truck driver situation.
 

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


Avery Vise, vice president of trucking, commented, “Conditions certainly are not as good as trucking companies would like, but fundamentally they are not as bad as people may hear. We continue to see many business failures, but the principal driver appears to be trucking insurance costs, not market fundamentals. Capacity utilization is low but stable. Weakness in manufacturing especially has dampened freight demand, but solid consumer spending and improving construction activity are holding up a floor on volumes.”
 
The TCI tracks the changes representing five major conditions in the U.S. truck market. These conditions are: freight volumes, freight rates, fleet capacity, fuel price, and financing. The individual metrics are combined into a single index indicating the industry’s overall health. A positive score represents good, optimistic conditions. Conversely, a negative score represents bad, pessimistic conditions. Readings near zero are consistent with a neutral operating environment, and double-digit readings (up or down) suggest significant operating changes are likely.
 
In addition to the Trucking Conditions Index, FTR has recently started releasing a weekly Trucking Market Update on the State of Freight Podcast. The weekly update is provided by FTR’s Vice President of Trucking, Avery Vise, and covers industry news and key indicators on a more frequent basis. To listen to recent episodes and download the indicators that are covered, go to www.FTRintel.com/podcast.

For more information on how to subscribe to Trucking Update, or other publications within FTR's Freight Focus, send an email to [email protected]  or call (888) 988-1699 ext. 1 and follow us on Twitter @FTRintel.

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.
 
Click here to download a sample report >

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 www.FTRconference.com  

To learn more about FTR visit  www.FTRintel.com, Follow us on twitter @FTRintel and connect with us on LinkedIn! To contact FTR, call 888-988-1699 or email [email protected]