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FTR Trucking Conditions Index Takes Bump Up in December

02.14.20 | FTR

FTR’s Trucking Conditions Index (TCI) rose to 3.02 in December on improved freight demand and spot rates. The December reading is the highest since January 2019 and the first positive reading since 0.28 in July. FTR expects the TCI to return to readings closer to neutral conditions before improving modestly in the second half of 2020.

Details of the December TCI are found in the February issue of FTR’s Trucking Update, published January 31. The ‘Notes by the Dashboard Light’ discusses key 2019 economic indicators in the consumer, industrial, and trade sectors in relation to the rest of the 2010s. 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, “Market conditions were somewhat stronger than anticipated in December, but it’s probably a bit of an outlier. We don’t see that the fundamentals have changed materially. Utilization remains soft, and we don’t see near-term pressure from freight demand. A stronger recovery probably would require capacity exiting the market faster than has been the case so far.”

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]