BLOOMINGTON, Ind. — Trucking conditions improved in November, rising nearly two full points to a reading of 9.7 on FTR’s Trucking Conditions Index. Any reading above zero indicates a positive environment for truckers. Readings above 10 signal that volumes, prices, and margins are likely to be in a solidly favorable range for trucking companies.
FTR officials said they expected the gain, noting that conditions impacting trucking will continue to improve in anticipation of a tightened market in 2013. Officials said the primary driver will be increased utilization, with an additional one-time hit from Sandy rebuilding efforts.
“We were forecasting an improved environment for trucking even before the agreement just reached to avoid the ‘fiscal cliff.’ There are still political hurdles to navigate in early 2013, but the agreement takes some of the uncertainty out of business plans,” said Jonathan Starks, director of transportation analysis for FTR. “We’ll keep monitoring the economy closely to look for any renewed softness in demand, but for now we believe capacity will tighten during 2013.”