FTR’s Trucking Conditions Index Changes Little in November

01.20.17 | FTR

FTR’s Trucking Conditions Index (TCI) for November, at 4.58, changed little from the previous month’s adjusted reading of 4.38.  The current TCI level is consistent with FTR’s forecasts of steadily-improving trucking conditions heading into 2017.  An expectation for stronger demand, along with the mandate for Electronic Logging Devices (ELD), should tighten capacity through 2017, with the Trucking Conditions Index possibly hitting positive double digits by the end of the year.

Details of the November TCI are found in the January issue of FTR’s Trucking Update, published December 23. The ‘Notes by the Dashboard Light’ section in the current issue updates the impact of pending regulations affecting trucking.  Along with the TCI and ‘Notes by the Dashboard Light,’ 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 >

Jonathan Starks, Chief Operating Officer at FTR, commented, “Cautious optimism is in place as we begin 2017. Truckers have dealt with profound political change, regulations published, regulations struck down, and upward movement in truck volumes and pricing. All of this occurred within the last 3 months of 2016. Now, imagine what the next 12 months will bring. We have fairly good certainty that ELD will be implemented at the end of the year, but the incoming administration’s impact on infrastructure, taxes, and regulations are still up for debate. All in all, trucking is starting the year off with much better footing than we had one year ago. Truck utilization has improved by 3 percentage points, and the Market Demand Index (MDI) from jumped by 40% to end 2016. The capacity situation has tightened at the same time that volumes have begun to show improvement. The outlook for pricing gains has finally shifted back toward the carriers. That is a welcome relief after the weakness seen over the last year and a half.”

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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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For more than two decades, FTR has been the thought leader in freight transportation forecasting in North America. The company’s national award-winning forecasters collect and analyze all data likely to impact freight movement, issuing consistently reliable reports for trucking, rail, and intermodal transportation as well as providing demand analysis for commercial vehicle and railcar. FTR’s forecasting and specially designed reports have resulted in advanced planning and cost-savings for companies throughout the transportation sector.