FTR’s Trucking Conditions Index for April reflects favorable seasonal environment for carriersFTR’s Trucking Conditions Index reflects favorable environment for carriers

FTR’s Trucking Conditions Index reflects favorable environment for carriers

FTR-TCI-April

FTR’s most recent Trucking Conditions Index (TCI) came in at a reading of 11.5 for April, which reflects strong freight demand and continued tightness in capacity. According to FTR, carriers can expect the favorable conditions to improve further into Q3 and stay elevated well into 2019. The tight labor market, including a shortage of drivers, is holding carriers back from taking full advantage of the higher rate environment even as it increases their labor costs.

“The latest jobs report suggests that carriers’ aggressive driver recruiting efforts are paying off but additional growth in freight volumes, continued impact from electronic logging device implementation, and extreme tightness in the overall labor market should keep conditions highly favorable for carriers,” said Avery Vise, FTR’s vice president of trucking research. “The TCI will remain at near record levels until at least the fourth quarter, when the market may begin to stabilize due to additional truck capacity.”

You May Also Like

Decisiv adds SRM Sentinel Managed Care to TICO Edge

According to Decisiv, the new addition to the service management platform lets customers to proactively meet service needs and improve uptime.

Decisiv-TICO-TMC-2024-Dick-Hyatt

Decisiv Inc., a provider of Service Relationship Management (SRM) solutions, announced at the TMC 2024 Annual Meeting, that its Decisiv SRM Sentinel Managed Care application has been added to the TICO Edge platform. Decisiv says the addition of SRM Sentinel allows the manufacturer’s dealer network, customers and the TICO Uptime Center to collaborate in real-time for service and repairs.

Noregon announces ZF tractor, trailer telematics collaboration

The two companies demonstrated an early version of the paired telematics collaboration at the TMC 2024 Annual Meeting.

Noregon-TMC-ZF-partnership-telematics
The new Volvo VNL’s connectivity aims to boost productivity, streamline maintenance

Real-time fleet monitoring, remote updates, and extended service intervals for optimized truck performance.

Volvo-connectivity-service-TMC-1400
Pressure Systems International introduces new Geotab Marketplace offering

TireView LIVE integrates with Geotab, providing real-time tire monitoring, analytics and tire management.

PSI-TireViewLive-Geotab-TMC
Serjon highlights cybersecurity training as tech connects trucks

After successful attacks on large fleets, Serjon says it’s important to keep all employees trained on detecting cybersecurity threats.

Trailer Telematics-cybersecurity-attacks-hacking-safety

Other Posts

FTR: Class 8 orders fell in February, up year-over-year

Despite the 9% drop from January, FTR says net orders for February are up 11% year-to-year, according to preliminary data.

FTR-Feb-2024-preliminary-net-orders
ACT Research: Freight capacity decline likely to continue

The latest release of ACT’s For-Hire Trucking Index reflects the slowly progressing freight market recovery.

ACT-for-hire-volumes-Jan-2024
ELFA: January new business volume up 6% Y/Y

Despite falling from December’s high, the association’s earlier predictions of a strong start to 2024 are still on track.

Equipment-leasing-finance-association-monthly-ELFA-MLFI-JAN-24
Class 8 orders strong in February

Even when seasonally adjusted, ACT says preliminary order numbers for February are up 5% over January.

ACT-Class-8-Feb-truck-orders