FTR’s Trucking Conditions Index (TCI) for August increased from July to a reading of 6.76. The TCI is continuing a steady rise that is expected throughout 2017, as new regulations tighten capacity resulting in better pricing and margins for trucking companies.
This improvement is largely from the supply side, as currently the economy and freight markets are in a slow growth phase with unclear direction typical of a late recovery environment. The TCI is expected to peak in early 2018.
Details of the August TCI are found in the October issue of FTR’s Trucking Update, published September 30. The ‘Notes by the Dashboard Light’ commentary in the current issue suggests caution in spite of currently strong economic indicators. Along with the TCI and ‘Notes by the Dashboard Light,’ Trucking Update includes data and analysis on load volumes, the capacity environment, rates, costs, and the truck driver situation.
Trucking Update, published monthly, is part of FTR’s Freight Focus Series and reports data that directly impacts the activity and profitability of truck fleets. As part of Trucking Update, FTR forecasts expected trends in this data and the probable short and long term consequences. For more information on how to subscribe to Trucking Update, or other publications within the Freight Focus series, email [email protected] or call (888) 988-1699 ext. 1.