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FTR’s Trucking Conditions Index for August Reflected a Very Strong Month for Carriers

10.09.20 | FTR

FTR’s Trucking Conditions Index for August jumped to a positive reading of 8.31, reflecting the very favorable rate environment for trucking during the month. Except for June of this year, the August reading was the highest for the index since March 2018. FTR expects the TCI to fall slightly in September and continue to lower into positive single digit readings in Q4 and into 2021.
 
Details of the August TCI are found in the October issue of FTR’s Trucking Update, published September 30. Additional commentary focuses on the contrasts between the total freight market and the current strong market. Beyond the TCI and the commentary, Trucking Update includes data and analysis on load volumes, the capacity environment, and rates. FTR also publishes ongoing publicly available analysis on the impact of COVID-19 on freight transportation at FTR’s COVID-19 intelligence.


Click here to view a Year over Year graph of the TCI >


Avery Vise, vice president of trucking, commented, “The stress on freight markets from replenishing retail inventories following the contraction continues and is keeping rates strong for carriers. The more industrially focused segments have not benefitted as much so far, but we are beginning to see signs of stronger demand, and the housing market is robust. Although high unemployment and uncertain support from Washington remain risks, we expect trucking conditions to remain strong for a prolonged period.”

 
Read a more in-depth explanation of the Trucking Conditions Index > 

 
Weekly Trucking Market Update
In addition to the monthly updates on trucking conditions, FTR offers a weekly Trucking Market Update on the State of Freight Podcast. The weekly update, hosted by Avery Vise, covers spot market and economic indicators and major industry developments. To listen to recent episodes and download the accompanying graph package, go to www.FTRintel.com/podcast

 
Three reasons to use our Trucking Update service

  • We provide you the data that directly impacts the activity and profitability of truck fleets.
  • Our economic and freight forecasts help you develop freight budgets and assist in rate negotiations.
  • The charts and analysis by our team of experts provide C-suite leadership with reliable industry summaries

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