Trucking market continues to head in right direction, says FTR

The current outlook for the trucking sector remains very strong, with no immediate change in sight at the moment, according to the most recent edition of the Trucking Conditions Index (TCI) issued by freight transportation consultancy FTR this week.

By ·

The current outlook for the trucking sector remains very strong, with no immediate change in sight at the moment, according to the most recent edition of the issued by freight transportation consultancy FTR this week.

According to FTR, a TCI reading above zero represents an adequate trucking environment, with readings above 10 indicating that volumes, prices and margin are in a good range for carriers.

For March, the most recent month for which data is available, the TCI came in at 10.30, which is down from February’s 15.41.

While this is a 5.11 point decline, FTR said that is not indicative of a fundamental change in the current freight demand climate, as the March TCI remains more the three times above the March 2017 reading of 2.97. And FTR noted that the “carrier-favorable environment is not expected to see any real change at least through 2018 with even more positive conditions during the second and third quarter.”   It also added that conditions for carriers are expected to stabilize at a high level into 2019 as fleets continue to add capacity and the supply-chain adjusts to the ELD regulation.

“While diesel prices increases are a negative for the carriers, the relatively modest uptick in recent fuel costs is more than offset by significant gains in pricing and overall strong demand for transportation,” said FTR Chief Intelligence Officer in a statement. “The Market Demand Index published by Truckstop.com and FTR shows that the spot market is once again tightening, rising each of the last four weeks to 58.1 in week 18. It is likely to hit new record highs as we approach the summer shipping season at the end of May.” 


Subscribe to Logistics Management Magazine!

Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your entire logistics operation.


Article Topics

FTR · TCI · Trucking · All Topics
Latest Whitepaper
2019 Top 5 Trends of Enterprise Labeling
This year’s sixth annual Top 5 Trends in Enterprise Labeling report outlines significant shifts in labeling that are impacting businesses and global supply chains at an unprecedented level.
Download Today!
From the April 2019 Logistics Management Magazine Issue
This month we roll out the findings of Logistics Management’s 35th Annual Salary Survey, a research project conducted by American Truck Research Group (PRG) that serves as the foundation of our best-read editorial feature of our publishing year. And it’s no surprise that the full study is also the most downloaded PRG report.
Next-Generation Data Capture Emerges
2019 Air Cargo Roundtable: Volumes and pricing gathering speed
View More From this Issue
Subscribe to Our Email Newsletter
Sign up today to receive our FREE, weekly newsletter!
Latest Webcast
Case Study: Enabling the Autonomous Supply Chain
During this webinar Nucleus Research and One Network will dissect a global company's strategy to leverage a multi-party network to enable the autonomous supply chain.
Register Today!
EDITORS' PICKS
35th Annual Salary Survey: Compensation matters more than ever
While job satisfaction remains the primary reason for today’s logistics managers to stay with one...
2019 Rate Outlook: Pressure Builds
In 2019, the world economy will enter a third straight year of broad-based growth, but many...

2019 Transportation Management Systems (TMS) Market Update: Keeping pace with the times
The transportation management systems market is growing right along with the number of challenges...
The Logistics News that Shaped 2018
Every year at this time, group news editor Jeff Berman combs through the mountain of news that was...
https://yujin.com.ua

У нашей фирмы авторитетный сайт со статьями про подушки пуховые киев.
https://medicaments-24.com/viagra-sildenafil/viagra-130-mg/