NASHVILLE, Ind. — FTR Associates’ Trucking Conditions Index showed an uptick in August, but still had a negative reading.
The US trucking index read -20.18 in August, which is still well below a neutral reading of zero. However, the index was modestly better than its low reading of -28.80 in March.
Industry forecaster FTR Associates says the index is expected to remain in negative territory in the near future.
“Even though the TCI is trending upward, real acceleration of the index must await a substantial recovery in capacity utilization that we don’t expect until 2011,” said Eric Starks, president of FTR.
The FTR Trucking Conditions Index combines five key trucking industry statistics into one metric to measure the overall health of the US trucking industry. It’s published monthly in FTR’s publication The Trucker’s Dashboard, available by e-mailing email@example.com.
Truck News is Canada's leading trucking newspaper - news and information for trucking companies, owner/operators, truck drivers and logistics professionals working in the Canadian trucking industry. All posts by Truck News