Trucking Conditions Rebound, Best This Year
BLOOMINGTON, IN -- While business conditions in Canada are shaky, the situation in the U.S. for the trucking industry is the best so far this year, according to the freight transportation forecasting firm FTR. Its just released Trucking Conditions Index (TCI) measure for June rose from May, jumping 56% to 7.66, hitting the highest level of 2015. While freight growth slowed during the second quarter of the year, FTR said rates continue to show growth and margins are still good. Also, freight growth is on track for the sixth straight year of annual gains. It expects regulatory conditions and a continued economic recovery to fuel an accelerating index during 2016.
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.