• Trucking Condition Index hits new high in December

    FTR’s Trucking Condition Index rose to 7.1 in December 2010, the highest level yet recorded during the current recovery.
    Feb. 8, 2011
    2 min read

    FTR’s Trucking Condition Index rose to 7.1 in December 2010, the highest level yet recorded during the current recovery.

    As reported in the February Trucking Update, the TCI reflects tightening conditions for hauling capacity. Current conditions and strong prospects going forward are expected to steadily raise this index—possibly to a new record in early 2012. The Trucking Conditions Index is a compilation of factors affecting trucking companies, and current readings as well as the forecast for the next few years bodes well for increased vehicle utilization and solid pricing power for carriers through the period.

    FTR expects delays in implementation of HOS and CSA regulations to push out the peak shortage timing to early 2012.

    Eric Starks, president of FTR, said, “We have been forecasting steady improvements for the trucking sector. Conservative fleet attitudes towards adding drivers and equipment combined with the continuing growth of freight means that trucking companies should see their equipment utilization nearing 100% later this year. As a result, carriers will have greater latitude to both raise rates and to be more selective with regard to freight. Despite the impact from regulatory drag being moved further out, improving economic conditions will help make 2011 a good year for trucking companies.”

    For more information on how to subscribe to the Trucking Update or other publications within the Freight Focus Series, send an e-mail to [email protected] or call Helen Lile at 1-888-988-1699, ext 1.

    Voice your opinion!

    To join the conversation, and become an exclusive member of FleetOwner, create an account today!

    Sign up for our free eNewsletters

    Latest from Reefer Operations

    Sunswap
    English food retailer Tesco recently deployed five Sunswap Endurance electric transport refrigeration units.
    Sunswap’s zer0-emission transport refrigeration units with batteries and roof-mounted solar panels are expected to help Tesco meet its sustainability goals.
    Penske
    penske_logistics___2025_state_of_logistics_report_
    The Council of Supply Chain Management Professionals’ latest report indicates trucking businesses continue to face economic uncertainty.
    Orbcomm
    orbcommcrewviewbayviewinterface
    New onboard solution enables end-to-end visibility for smart refrigerated and dry van containers in real time while in transit.