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FTR’s Trucking Conditions Index for June Reflects Freight Rebound, Tight Capacity

08.13.20 | FTR

FTR’s Trucking Conditions Index reading of 11.35 for June is the highest in a decade and comes just two months after a record-low April reading of -28.66. However, it is unclear how long the positive factors affecting the June reading - a combination of higher utilization and strong growth in freight demand and rates - will remain in place.
 
Details of the June TCI are found in the August issue of FTR’s Trucking Update, published July 31. Additional commentary looks at some barriers, especially driver supply, to restoring trucking capacity. Beyond the TCI and FTR’s COVID-19 intelligence, the Trucking Update includes data and analysis on load volumes, the capacity environment, rates, costs, and the truck driver situation.

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

Avery Vise, vice president of trucking, commented, “The reversal of fortune in trucking has been staggering but fairly simple to understand. Freight demand came roaring back in June after the contraction in March and April, but capacity has barely moved. We remain concerned that Washington’s financial support subsidized the economic rebound significantly and that continued strong support might be necessary until a vaccine is widely available. However, even putting that issue aside, we anticipate some stabilization as an inventory rebuild probably accounts for some of the recent demand growth. Also, we see some indications that carriers are beginning to restore driver capacity, at least modestly.”
 
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]



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