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FTR’s May Trucking Conditions Index Bounces Back Sharply from April Low But Still Negative

FTR’s Trucking Conditions Index reading for May rebounded from its worst-ever level in April to a reading of -5.19. While much improved, May’s reading is quite negative from a historical perspective. A sharp increase in freight was primarily responsible for the improvement as rates and utilization were still weak.

Consumers led the way as May brought the expected rebound in freight indicators. A less-negative industrial production forecast is the main contributor to a firmer freight outlook for the balance of 2020.

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