NASHVILLE, Ind. — Trucking conditions in the US held steady in February, according to FTR’s Trucking Conditions Index.
February marked a reading of 5.9, which FTR predicts will be the low point for 2012 with strong month-over-month increases to come over the remainder of the year, with freight volumes expected to grow at rates of 4%.
FTR says the freight growth will put pressure on available capacity, allowing trucking firms to maintain or even increase rates.
“February is normally the softest month of the year in terms of trucking demand,” said Larry Gross, senior consultant for FTR. “Reasonably favourable conditions for truckers during the winter slack season bode well for later in the year, as demand increases seasonally to more normal levels. We expect pricing power to remain squarely on the side of the carrier in 2012.”
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