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FTR’s Trucking Conditions Index for June Falls Two Plus Points from Previous Month

08.22.17 | FTR

 
FTR’s Trucking Conditions Index (TCI) for June fell more than two points m/m to a reading of 4.54.  As detailed in the August issue of the Trucking Update, the lower June reading is, in part, a reflection of the increased costs for labor, fuel, and purchased transport for some.  Market tightness is now seen as likely shorter than expected with some resistance to new regulations that could have put an increased drag on capacity.  FTR has a favorable freight forecast for 2017 but does not expect as strong a result in 2018, showing perhaps half the growth and with an increasing risk of recession by the end of the year.

Details of the June TCI are found in the August issue of FTR’s Trucking Update, published July 31, 2017. The ‘Notes by the Dashboard Light’ section in the current issue takes a look at the spot market using powerful new analytical tools and data available through FTR’s partnership with Truckstop.  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 >


Jonathan Starks, Chief Operating Officer at FTR, commented, “Despite the monthly drop from May to June, the TCI has stayed in a relatively stable range since this time last year. It remains positive, but does not yet indicate that a significant change in operations is occurring. The potential for such a change increases as we move through 2018, with ELD implementation and continued freight growth hindering truck capacity. We are also beginning to hear stories of increased difficulty in hiring as the economy begins approaching full employment.

“The recent strong increases in spot market rates bears a close watch, as it is an early indicator as to how rates in the much bigger contract arena are likely to move. Spot data in early August shows that the rate increases have hit the double-digit mark and are still moving up. Market participants need to continue evaluating conditions ahead of the ELD implementation in December to make sure that they are prepared for the possible disruptions that could occur.”
 

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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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About FTR
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.