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FTR’s Trucking Conditions Index for April Reflects Some Weakness for the Sector

06.11.15


FTR’s Trucking Conditions Index (TCI) for April fell 9% from the previous month to a relatively modest reading of 6.7.  The index weakened primarily due to the suspension of Hours of Service rules resulting in more available capacity and less pressure on rates.  Lower fuel prices were a positive impact on the index in April.  The future outlook shows an increasingly positive environment for truckers because of expectations of a tightening market as additional regulatory drag appears leading to a likely capacity crisis in 2017.


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Jonathan Starks, FTR’s Director of Transportation Analysis, commented, "While still at a reasonably strong level the TCI is indicating a moderating environment for carriers. Rate increases have pulled back over the last couple of months and, although still positive, will lessen year-over-year gains later in the year. Economic indicators still show a slow growth environment for both the economy and for freight. Load board data from Truckstop.com continues to show a return to normal activity following last year’s tight conditions. Shippers' desires to secure capacity should keep contract rates growing, but both contract and spot rates are susceptible to big drops if the economy is unable to accelerate after the weak start to 2015."

Details of the April TCI are found in the June issue of FTR’s Trucking Update, published May 31, 2015.  The ‘Notes by the Dashboard Light’ takes an in-depth look at current freight conditions.  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.

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. 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.

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.
 
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