Fuel costs chip away at favorable shippers market reflected in FTR’s June Shippers Conditions Index
“If fuel prices continue to increase, it will push less positive readings in the SCI in the months ahead.”
FTR’s Trucking Conditions Index for June reflects weaker conditions for carriers
June’s TCI reading was the most negative since November.
FTR Shippers Conditions Index rose in May
The outlook is positive through mid-2024.
FTR’s May Trucking Conditions Index just barely changes M/M
Weak rates and elevated financing costs are expected to offset tiny incremental improvement in freight demand and utilization.
FTR: Class 8 truck orders flat in June
Total Class 8 orders for the previous 12 months have equaled 297,800 units.
FTR Shippers Conditions Index rose in April in response to weaker rates and capacity utilization
According to the company, the outlook is positive through mid-2024.
Stronger freight volume in April pulled up FTR’s Trucking Conditions Index
The outlook remains for negative readings through mid-2024.
FTR Shippers Conditions slightly less favorable in March
Shippers Conditions Index dips, but positive factors maintain stable outlook, according to market research.
FTR: North American Class 8 net orders fell 37% M/M in April
The weak order level in April is not a major surprise, although it is happening earlier in the year than typically expected.
FTR announces executive appointments
FTR announces new CEO and COO, Jonathan Starks and Jami Sargent, respectively.
