Aside from fuel cost volatility, the outlook for trucking conditions is little changed with only gradual improvement.
June’s TCI reading was the most negative since November.
Weak rates and elevated financing costs are expected to offset tiny incremental improvement in freight demand and utilization.
Industrial and consumer sectors are sluggish, but spending on goods is still elevated.
The October TCI was the weakest since the all-time low reading of -28.66 in April 2020.
FTR’s Trucking Conditions Index (TCI) improved in July to a reading of -0.7 from the previous -3.36 principally because of falling diesel prices. Although the index was just below the index’s base of zero, it was the third consecutive month of negative readings–a situation that had not occurred since March-May 2020. FTR expects that trucking market
FTR’s Trucking Conditions Index (TCI) for January fell to 11.46 from 14.45 in December amid rising diesel prices. Although more robust freight rates more than offset the effects of higher fuel costs, freight volume was a significantly weaker positive factor than it had been in December. A record surge in fuel costs in the wake
FTR’s revised Trucking Conditions Index (TCI) showed a significant improvement in June but remained in slightly negative territory at a reading of -0.82.
FTR’s Trucking Conditions Index fell back nearly two points in May to a new reading of -2.3.
FTR’s Trucking Conditions Index rebounded marginally in April to a -0.64 reading. Conditions improved slightly from the previous month, but TCI remains in negative territory.
FTR’s Trucking Conditions Index (TCI) for April at a 6.2 reading, while up month-over-month, reflects soft market conditions affecting the trucking sector. The market is mired in a slowdown with truck freight growth slowing and a modest amount of excessive equipment. FTR is currently forecasting a transition to moderate growth toward the end of the
FTR’s Trucking Conditions Index (TCI) measure for September declined from the previous month to a reading of 8.46 (as seen in the graph above). The Trucking Conditions Index has been uneven through 2015 and is expected to decline further by the end of the year. The trucking environment remains in a fragile equilibrium between decent