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FTR’s Trucking Conditions Index for September Reflect Robust Market Conditions for Carriers

11.16.20 | FTR

FTR’s Trucking Conditions Index rose again in September to a positive reading of 10.69, up 2+ points from August. September’s TCI - the third highest reading since January 2010 - reflects strong freight rates mostly due to the intense stress in the consumer goods supply chain.
 
Details of the September TCI are found in the November issue of FTR’s Trucking Update, published October 30. Additional commentary discusses the confluence of factors that are spurring an unprecedented surge in newly authorized motor carriers. 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, vice president of trucking, commented, "We envision trucking conditions remaining strong for a while " probably well into 2022 " although we could see some near-term softness once we normalize retail inventories. An industrial recovery should support broad-based growth in freight volume. Robust spot rates already are starting to push up rates in the much larger contract arena, and constraints on the driver supply stemming from the pandemic likely will maintain that pressure. However, continued strong economic recovery is not secured given the latest surge in COVID-19 infections and a political environment that likely makes further relief and stimulus more difficult. The road ahead is still not crystal clear."

 
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 >
 


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