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FTR’s Trucking Conditions Index for November Eases from October High

01.15.21 | FTR

FTR’s Trucking Conditions Index (TCI) fell in November from the previous month’s record high. The November reading of 10.26 is still strong as rising freight rates continue to power robust trucking conditions. FTR expects the index to settle into single-digit positive readings through 2021, reflecting a healthy but more stable truck freight market.
 
Details of the November TCI are found in the January 2021 issue of FTR’s Trucking Update, published December 23, 2020. Additional commentary discusses forecast risks and renewed uncertainty for 2021. Beyond the TCI and additional 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, FTR’s vice president of trucking, commented, "Market conditions for trucking companies remain quite strong, and they should be for months to come. Economic indicators still point to strength in freight demand, and total spot volume is holding at record levels. Although consumer spending has stabilized, the industrial sector is beginning to build some momentum. Also, the latest help from Washington at a minimum should keep consumer spending from falling in the near term. Meanwhile, constraints on the driver supply related to the pandemic - fewer new drivers trained and significantly reduced U.S. labor participation - likely will keep capacity tight through most of the year at least."

 
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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