Avery Vise, FTR’s vice president of trucking, commented, “The TCI already indicated consistently favorable conditions for trucking companies over the next couple of years, but the latest outlook is even stronger. FTR’s forecasts for the economy and for industrial activity improved significantly in the latest adjustment. We caution that the economic data fueling our improved forecasts is quite recent and subject to revision. However, other independent signals also point to a stronger truck freight market, including extraordinary spot rate increases in the wake of recent severe winter weather and the Institute for Supply Management’s healthy manufacturing index reading for January. FTR is not forecasting anything like the 2021 market, but something close to it no longer seems inconceivable.”
The Trucking Conditions Index explained >
