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Trucking Conditions Stabilizing at High Level

10.08.14


FTR’s Trucking Conditions Index (TCI) increased to a reading of 9.10 for August continuing an upward trend that reflects an uneasily tight capacity situation.  As market tightness continues, rate and service spreads are increasing between “good” and “bad” freight.  Carriers are experiencing demand levels for their services that are allowing them to choose what freight to haul while maintaining dependable workloads and increasing margins.  The TCI should remain at very positive levels for the foreseeable future with a strengthening economy suggesting upside potential for freight.


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Jonathan Starks, FTR’s Director of Transportation Analysis, commented, “With overall capacity remaining tight and continued cost pressures at fleets we can expect to see freight rates moving higher into 2015. Spot rates are edging lower - from a very high level - but contract rates are still showing signs of acceleration. Growth in the use of outsourced capacity (i.e. broker and spot markets) is joining wage increases as a main driver of cost increases. Fleets are using more outsourced capacity, a segment in which regulatory impacts are especially strong.”

Details of the August TCI Index are found in the October issue of FTR’s Trucking Update, published September 30, 2014.  The ‘Notes by the Dashboard Light’ commentary discusses the market discrimination between easy and hard to move freight.  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 series 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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