Trucking Conditions Index

Avery Vise, FTR’s vice president of trucking, commented, “Carriers surely are tired of the ‘prosperity is just around the corner’ message, but the freight market distortions of the past four years still are resolving. Although the latest employment data suggests that larger trucking operations have largely rightsized, the market still has far more very small carriers than it did before the pandemic. Our data indicates that a recovery in freight volume and utilization is already underway but is frustratingly gradual for carriers. While the Federal Reserve’s easing of interest rates certainly will help, the effects will not be instantaneous.”

The Trucking Conditions Index explained >