FTR September Trucking Conditions Index Reflects Broadly Weaker Environment
Bloomington, IN – (Trailer Technician) – FTR’s Trucking Conditions Index for September, at -2.94, was the lowest reading since May, reflecting a relatively weak environment for carriers. However, FTR does not forecast any further eroding of the TCI with an expected near-neutral measure through the first half of 2020.
Details of the TCI for September are found in the November issue of FTR’s Trucking Update, published October 31. The ‘Notes by the Dashboard Light’ section analyzes trucking failures, the total number of carriers operating and the effect on overall capacity. Along with the TCI and ‘Notes by the Dashboard Light,’ the Trucking Update includes data and analysis on load volumes, the capacity environment, rates, costs, and the truck driver situation.
Avery Vise, vice president of trucking, commented, “The near-term outlook for trucking conditions remains stable with little growth expected in freight volume and no growth expected in active capacity. Risks to this outlook appear mostly negative, including the potential for higher diesel prices in the wake of impending changes in global maritime fuel requirements. However, the big questions are whether the industrial sector will improve or weaken further and whether consumer spending will remain a firewall against declines in overall freight volume.”
The TCI tracks the changes representing five major conditions in the U.S. truck market. These conditions are: freight volumes, freight rates, fleet capacity, fuel price, and financing. The individual metrics are combined into a single index indicating the industry’s overall health. A positive score represents good, optimistic conditions. Conversely, a negative score represents bad, pessimistic conditions. Readings near zero are consistent with a neutral operating environment, and double-digit readings (up or down) suggest significant operating changes are likely.
In addition to the monthly updates on trucking conditions, FTR offers a weekly Trucking Market Update in the State of Freight Podcast. The weekly update, hosted by Avery Vise, covers spot market and economic indicators and major industry developments. To listen to recent episodes and download the indicators that are covered, go to www.FTRintel.com/podcast.
About FTR
For more than 30 years, FTR has served as the industry leader in freight transportation forecasting for the shipping, trucking, rail, intermodal, equipment, and financial communities in North America. FTR’s experts, with over 250 years of combined experience in the transportation industry, provide quantitative analysis with historical and modal-specific insights. FTR’s reports, data, commentary, and insights help clients evaluate market risks, identify new opportunities, and make informed decisions.
FTR is the only company with a complete set of freight data for all modes of transportation with detail at the 3 Digit STCC commodity level. FTR tracks and forecasts 200+ unique commodity groups both quarterly and annually using their proprietary Freight•cast U.S. freight transportation model. FTR’s Transportation Conference held annually in September in Indianapolis is a unique event bringing together every aspect of the freight transportation world into one place. For more information www.FTRconference.com
To learn more about FTR visit www.FTRintel.com, Follow us on twitter @FTRintel and connect with us on LinkedIn! To contact FTR, call 888-988-1699 or email [email protected].