BLOOMINGTON, Ind. – FTR’s Trucking Conditions Index (TCI) measure for August reflects a healthy freight growth.
The reading was 9.53 and since the TCI has been steadily rising over the last few months, it is expected to remain in the current range through the end of 2015.
FTR claims this will be followed by upward momentum in 2016 as new regulations eat away at trucking capacity.
“While the TCI has moved higher, we are hearing from shippers that the current capacity situation has been better than anticipated as we move through the peak shipping season,” said Eric Starks, president of FTR. “Even with capacity utilization easing some, truckers are still able to make money. This is translating into healthy demand for equipment as orders for trailers have remained strong. The strong TCI is in contrast to some economic indicators that suggest the economy is stagnant. Even with the economy painting a mixed picture, trucking conditions are still expected to remain at levels that are healthy through the end of this year.”
Details of the August TCI are found in the October issue of FTR’s Trucking Update, published September 30, 2015.