BLOOMINGTON, Ind. – FTR’s Trucking Conditions Index (TCI) went up to a reading of 9.10 for August.
FTR says the TCI should remain at these levels in the future.
Jonathan Starks, FTR’s Director of Transportation Analysis, said: “With overall capacity remaining tight and continued cost pressures at fleets we can expect to see freight rates moving higher into 2015. Spot rates are edging lower—from a very high level—but contract rates are still showing signs of acceleration. Growth in the use of outsourced capacity (i.e. broker and spot markets) is joining wage increases as a main driver of cost increases. Fleets are using more outsourced capacity, a segment in which regulatory impacts are especially strong.”
Details of the TCI Index for the month of August can be found in the October issue of FTR’s Trucking Update.
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