Trucking Conditions Index

FTR’s Trucking Conditions Index Softens but Remains Slightly Positive in June

FTR’s Trucking Conditions Index for June stayed in positive territory in June, but it weakened to 0.95 from May’s 2.24 reading. Details matter, however, as core freight dynamics improved for trucking companies during June while higher financing costs and a slowing of diesel price decreases were substantial offsets.

FTR expects general improvement in market conditions for carriers, but the TCI could see both positive and negative readings in the coming months before the index turns consistently positive by the end of this year, according to FTR’s current forecast.

Avery Vise, FTR’s vice president of trucking, commented, “Today’s market might feel as weak as it has been, but we continue to see a growing foundation for a recovery in financial conditions for trucking companies. Strengthening capacity utilization sets the stage for firmer freight rates starting late this year and accelerating somewhat in 2025. Although nothing approaching the likes of 2021 is on the horizon, carriers should be seeing considerably more favorable conditions by next spring.”

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This index represents five major conditions in the U.S. full-load truck market. These metrics are combined into a single index that tracks the market conditions that influence fleet behavior.

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FTR’s Trucking Conditions Index Softens but Remains Slightly Positive in June