Easing Rates, Capacity Lead to Weaker Trucking Biz
BLOOMINGTON, IN -- A measure of trucking industry business conditions fell in April as capacity and pressure on rates eased up.The Trucking Conditions Index (TCI) from the freight forecasting firm FTR shows a 9% decline from the previous month to a relatively modest reading of 6.7, but still higher than the same time last year. A reading above zero indicates a positive business environment while one below zero is negative. It also said lower fuel prices during April resulted in a positive effect on the index.