FTR June Trucking Conditions Index reflects freight rebound

FTR June Trucking Conditions Index reflects freight rebound

FTR’s Trucking Conditions Index reading of 11.35 for June is the highest in a decade and comes just two months after a record-low April reading of -28.66.

However, FTR says it is unclear how long the positive factors affecting the June reading—a combination of higher utilization and strong growth in freight demand and rates—will remain in place.

“The reversal of fortune in trucking has been staggering but fairly simple to understand,” said Avery Vise, vice president of trucking. “Freight demand came roaring back in June after the contraction in March and April, but capacity has barely moved. We remain concerned that Washington’s financial support subsidized the economic rebound significantly and that continued strong support might be necessary until a vaccine is widely available. However, even putting that issue aside, we anticipate some stabilization as an inventory rebuild probably accounts for some of the recent demand growth. Also, we see some indications that carriers are beginning to restore driver capacity, at least modestly.”

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