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Trucking Conditions Index Improves Again in August Reflecting Good Forecasted Freight Growth for 2015

10.21.15


FTR’s Trucking Conditions Index (TCI) measure for August, at a reading of 9.53, reflects healthy freight growth projections.  Positive revisions to Q1 and Q2 economic data have improved FTR’s freight growth forecast to +4.4% for full year 2015.

The Trucking Conditions Index has been steadily rising over the past months and is expected to remain in the current range through the end of the year.  This will be followed by upward momentum in 2016 as new regulations eat away at trucking capacity. 


Click here to view the latest release and an interactive graph of the TCI >


Eric Starks, President at FTR, commented, “While the TCI has moved higher, we are hearing from shippers that the current capacity situation has been better than anticipated as we move through the peak shipping season. Even with capacity utilization easing some, truckers are still able to make money. This is translating into healthy demand for equipment as orders for trailers have remained strong. The strong TCI is in contrast to some economic indicators that suggest the economy is stagnant. Even with the economy painting a mixed picture, trucking conditions are still expected to remain at levels that are healthy through the end of this year.” 

Details of the August TCI are found in the October issue of FTR’s Trucking Update, published September 30, 2015. The ‘Notes by the Dashboard Light’ commentary in the current issue gives readers an overview of the FTR Transportation Conference highlights.  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.

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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