FTR Trucking Conditions Index strong in April
June 14, 2013
Business conditions in trucking were strong in April, according to FTR Associates’ Trucking Conditions Index. The TCI rose 0.7 points to a reading of 13.8. FTR expects modest rate increases as freight enjoys reasonable volume growth along with reduced productivity due to the upcoming change in hours-of-service regulations, which FTR says likely will reduce trucking capacity by at least 3%
The TCI reflects a range of industry metrics. A reading above zero suggests a generally positive trucking environment, and readings above 10 signal that volumes, prices, and margins are likely to be in a solidly favorable range for trucking companies.
It’s not all good news, however. “Recent data point to a fragile manufacturing sector,” says Jonathan Starks, FTR’s director of transportation analysis. “This is a concern as industrial movements account for a significant portion of truck freight.” Starks, however, believes that we are seeing just a pause in manufacturing activity, not a downturn. “As long as the modest economic growth continues, trucking should be able to show further growth in 2013.”
Click the link below to print a print-friendly page of the this analysis.Print Page
Use our chart creator to generate charts using the data that was used in this analysis.TruckGauge Chart Creator
This functionality is only available to Premium Members. Please upgrade your account to gain access to the data used in this analysis.Upgrade to a Premium Member