BLOOMINGTON, Ind. – FTR’s Trucking Conditions Index (TCI) for the month of April dropped more than two points to 5.91.
This reading is below the recent upward trend but it should be noted that this number is just reflecting the short-term fluctuations in the total measurement of trucking conditions – the environment for carriers is still positive with rising prices and tight TL capacity.
FTR anticipates truck utilization to be more than 98% indefinitely with good freight demand and limited capacity.
“The TCI took a modest hit during April but is still solidly positive and should stay higher for most of 2014,” said Jonathan Starks, FTR’s director of transportation analysis. “One of the main reasons for that comes from the pricing environment. Spot rates have leveled off but are still well above levels seen last year at this time. Contract rates, on the other hand, move up and down much slower as new contracts get slowly implemented over time. Trucking looks to be on very solid footing and should continue to show growth throughout 2014.”
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