VIEW CART (0 ITEMS)


FTR’s Trucking Conditions Index for July Remained Positive Due to Stronger Freight Rates

09.09.20 | FTR

FTR’s Trucking Conditions Index for July at 2.84 was down from the previous month’s 11.35 reading, but trucking conditions remain favorable for carriers as the recovery continues. Carriers took advantage of stronger freight rates while the freight demand and capacity utilization that set the stage for those rates settled somewhat during the month. FTR expects the TCI to stay in positive territory through the balance of the year and into 2021.
 
Details of the July TCI are found in the September issue of FTR’s Trucking Update, published August 31. Additional commentary analyzes the risks to the freight market from inventories-to-sales ratio disparities in the supply chain resulting from the COVID-19 pandemic. Beyond the TCI and the commentary, the 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 rebound we saw in June took a bit of a breather in July, but the surge yielded higher spot rates. Spot volumes and rates were stronger in August, and imbalance is at record levels. The near-term outlook remains favorable for carriers, but we could see some stabilization soon. Record low retail inventories relative to sales likely are a big driver of freight demand, and August employment data showed the first real signs that significant capacity is returning.”

 
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

Plan with confidence - download a sample report >
 


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