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FTRs Trucking Conditions Index for April Remains in Very Positive Territory
Bloomington, IN (June 12, 2013) FTR’s Trucking Conditions Index (TCI) for April as reported in the June 2013 Trucking Update reflects a strongly favorable environment for trucking increasing another 0.7 points for the month to a reading of 13.8. Modest rate increases are expected to resume as freight enjoys reasonable volume growth alongside the reduced trucking productivity that is the result of increased regulations. It is forecast that new regulations will take at least 3% out of trucking capacity.
| Freight still OK despite weakening economic growth
“We’re getting much more concerned about the slowing industrial production numbers because that would have a big impact on the freight market,” he said. “But our overall base economic projection for the U.S. remains 2% to 2.5% GDP [gross domestic product] growth and if we can slough off this ‘weak spot’ freight volumes should remain relatively stable. So while the economy is not strong, it’s not expected to drop, either,” Jonathan Starks, transportation analyst for FTR Associates, told Fleet Owner.
| Port Volumes Lead Trucking on Spending Optimism
An increase in goods entering California is signaling optimism about the resilience of U.S. consumer spending and the trucking industry this year.
“Trucking volumes are in a positive, but not extremely strong, stage of growth, and we expect that will continue through 2013,” Starks said. FTR is forecasting that truck loadings will rise by “just under 5 percent” this year, he said, compared with 3.2 percent in 2012.
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Product DescriptionFTR Freight Focus: Trucking Update
| Annual Subscription; Published Monthly | |
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Independent Analysis of the US Trucking Market
American truck fleets operate in a competitive yet fragmented market where obtaining comprehensive and timely market insights are difficult. Understanding current trends and identifying future opportunities is essential. The Trucking Update is your monthly source for independent analysis. FTR's unique measurement of truck freight gives you a more complete overview of the US truck market.
Trucking Update (Part of the Freight Focus Series)
- Contains FTR's exclusive "Trucking Conditions Index" summarizing industry status at a glance.
- Detailed coverage and forecast of freight statistics, fleet utilization and rates.
- Analysis of key trucking cost and productivity trends.
- Analysis and projections on driver supply issues.
- You can digest all the analysis in fifteen minutes. It’s perfect for busy executives.
Items covered in the Report:
- Trucking Conditions
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- Truck Productivity and Utilization
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- New Truck Order Activity
- And Much More...
Database
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- This is the premier transportation conference and brings together the leading decision makers in the industry.
- Visit www.FTRConference.com to learn more.
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