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FTR’s Trucking Conditions Index Remains at Low Level in June

08.17.16 | FTR



FTR’s Trucking Conditions Index (TCI) for June, at a reading of 2.92, continues from the previous month in a low trough due to slow freight and a lull in new regulations.  Even with negatives affecting the trucking sector, the reading remains above zero which is the break point between good and bad conditions.  The TCI is currently forecast to rise into next year as the capacity constraining effects of new regulations are calculated in.

Details of the June TCI are found in the July issue of FTR’s Trucking Update, published June 30.  The ‘Notes by the Dashboard Light’ commentary in the current issue examines the impact of the new Food Safety Modernization Act (FSMA).  Along with the TCI and ‘Notes by the Dashboard Light,’ Trucking Update includes data and analysis on load volumes, the capacity environment, rates, costs, and the truck driver situation.


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Jonathan Starks, Chief Operating Officer at FTR, commented that, “While not overly positive, the June TCI reading of 2.9 indicates that trucking operators are still doing OK - not great, but OK.  Trucking rates, especially for the dry van segment, have moved notably lower over the last 9 to 12 months, but recent data indicates that both contract and spot rates may have hit bottom and could be moving back up.  This would be a strong catalyst as we begin to enter the final preparations of the ELD mandate set for late 2017.  We are hearing that many shippers, and fleets, are looking to implement technology well in advance of the due date in order to have time to mitigate any issues that arise from its deployment.  We are also seeing that the extra capacity that was in the system following the 2014 reversion of the HOS rules has been mostly eliminated, and that any change in HOS or in improving economics could quickly tighten up the market like we saw in 2014.”



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. For more information on how to subscribe to Trucking Update, or other publications within FTR's Freight Focus, send an email to [email protected]  or call (888) 988-1699 ext. 1.

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.
 
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