NASHVILLE, Ind. — FTR Associates says its Trucking Condition Index has returned to positive territory and is expected to stay there.
The US-based trucking industry analyst and forecaster keeps an index comprised of several metrics combined into one formula to measure the overall health of the trucking industry.
The index read 0.8 in July, the fifth straight month it was above neutral. FTR says it expects the index to remain above neutral for the remainder of the yea and beyond.
“The current index is showing a solid improvement from 2009 and is expected to continue on an upward trend through 2011,” FTR reported in its September Trucking Update.
“Trucking companies that have remained in business through the downturn are now operating in an environment that is positive for them, albeit amid a slowing economy overall,” said FTR president Eric Starks. “All our projections indicate that they are likely to continue to do well through at least the next year and a half.”
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