Trucking Conditions Index Reflects Strong Market Trends


FTR’s Trucking Conditions Index (TCI) for September, at a positive reading of 9.07, reflects strong underlying market trends. The TCI has moved up in the last couple of months, due to increased rate gains, and will remain in very positive but stable territory for the foreseeable future. FTR expects little change in the TCI unless and until there is a change in the economy or increased regulatory drag on capacity. Capacity utilization currently stands within 100 basis points of its all-time record and is at the breakpoint between manageable tightness and crisis.

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Jonathan Starks, FTR’s Director of Transportation Analysis, commented, "Spot market activity and rates have been easing, but this is to be expected at this time of year. Rates are still well above year ago levels and will stay that way until we lap winter conditions in January and February. The contract market is lagging on rate growth, but we still see a concerted upward shift over the last year. The combination of HOS changes in 2013 with weather events in 2014 was enough to move market conditions in truckers favor. Contract negotiations will take place during the winter slow season - we will see how much market clout the fleets are able to use. The real results will come later in the year. Successful shippers will be able to secure capacity and limit cost inflation by working with their carrier base rather than focusing on negotiating strength."

Details of the September TCI Index are found in the November issue of FTR’s Trucking Update, published October 30, 2014.  The ‘Notes by the Dashboard Light’ commentary explains the nuances of current economic data affecting trucking and how to interpret the information.  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.  

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.

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