Connect with us
FTR-May-Trucking-Conditions-Index

Technology

FTR Trucking Conditions Index weakens in May

FTR’s Trucking Conditions Index fell back nearly two points in May to a new reading of -2.3.

Advertisement

David Sickels is the Associate Editor of Tire Review and Fleet Equipment magazines. He has a history of working in the media, marketing and automotive industries in both print and online.

FTR-May-Trucking-Conditions-Index

FTR’s Trucking Conditions Index fell back nearly two points in May to a new reading of -2.3.

Advertisement
Click Here to Read More
Advertisement

The TCI has been in negative territory since March and reflects a general weakness in conditions affecting carriers. The outlook is for relative stability through the year with the possibility of some slightly positive readings month-to-month during the period, FTR says.

The May TCI reading was primarily brought down by the softening rate environment. Freight demand was the only positive contributor in the May measure, albeit not a particularly strong one.

“Although we have dropped from double-digit TCI readings to negative readings in less than a year, we believe the outlook for the rest of 2019 generally is for stability close to neutral conditions,” said Avery Vise, FTR’s vice president of trucking. “It’s also important to recognize that most of the weakness is in the industrial sector, so trucking activity related to consumer demand should be relatively stronger than the rest of the industry.”

Advertisement

From equipment to emails: A cybersecurity primer

It’s time to start using the truck data your ELDs are collecting

Daimler Trucks partners with Platform Science for on-vehicle software solutions

Cummins Filtration releases new Fleetguard app

Advertisement

POPULAR POSTS

Sponsored Content

Business Intelligence Tools Monitoring & Analyzing M&R Data Keep Fleet Managers In Check

Sponsored Content

Keep your fleet running as efficiently as our engines.

Sponsored Content

The ‘S’ Factors

Sponsored Content

Avoiding Premature Bearing Failure

Connect
Do NOT follow this link or you will be banned from the site!