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FTR’s Trucking Conditions Index Remains Positive as Capacity Tightens

09.22.17 | FTR

 
FTR’s Trucking Conditions Index (TCI) for July remains in a positive range with a reading of 5.75 reflecting tightening capacity, rising spot rates and a further impact this fall and winter from the implementation of Electronic Logging Devices. As detailed in the September issue of the Trucking Update, the TCI measure has not risen higher because it’s driven in large part by contract market conditions and it’s the spot market segment that is currently being pushed higher. Spot market data continues to support FTR’s near 100% active utilization index. Contract prices are expected to increase in 2018 as capacity further tightens which will move the Trucking Conditions Index up through the year.

Details of the July TCI are found in the September issue of FTR’s Trucking Update, published September 1, 2017. The ‘Notes by the Dashboard Light’ section in the current issue focuses on the relationship between strong market conditions and driver shortages. 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, “The combination of multiple hurricanes, strengthening spot market conditions, and the final push towards ELD implementation means trucking is ready to shift into a higher gear. Fleets are finally starting to talk positively about market conditions after being stuck in a relatively sluggish environment for more than a year. Spot rates were up double-digits versus last year before the hurricanes hit and have surged further since then. When you add in a slightly more robust economy, capacity reductions due to Hurricanes Harvey and Irma, extra freight for storm recovery, and productivity reductions as ELDs are fully implemented; that’s a market which gives fleets a reason to be optimistic as we head towards 2018.”
 

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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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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.