Nashville, IN (September 9, 2010) FTR’s Trucking Conditions Index, at 0.8 for July as reported in the September Trucking Update, is expected to remain in positive territory for the remainder of the year. It was the fifth consecutive month that the index had been above neutral.
FOR IMMEDIATE RELEASE
Nashville, IN (September 9, 2010) FTR’s Trucking Conditions Index, at 0.8 for July as reported in the September Trucking Update, is expected to remain in positive territory for the remainder of the year. It was the fifth consecutive month that the index had been above neutral. The Trucking Conditions Index is a compilation of factors affecting trucking companies, and the readings over the last several months indicate a stabilized environment for the industry in general. The current index is showing a solid improvement from 2009 and is expected to continue on an upward trend through 2011.
In spite of weakening economic fundamentals, trucking continues to prosper as freight, capacity and rates edge higher. Some of the factors directly supporting the current positive index include a helpful economic mix with growth in the goods producing sectors, limited driver capacity and tightening capacity utilization with subsequent higher rates. Eric Starks, President of FTR, commented “Trucking companies that have remained in business through the downturn are now operating in an environment that is positive for them, albeit amid a slowing economy overall. All our projections indicate that they are likely to continue to do well through at least the next year and a half.”
The Trucking Update, published monthly, is part of FTR’s Freight Focus Series and reports data that directly impacts the activity and profitability of truck fleets. As part of the Trucking Update, FTR forecasts expected trends in this data and the probable short and long term consequences. For more information on how to subscribe to the Trucking Update or other publications within the Freight Focus Series, contact Helen Lile at 1-888-988-1699, Ext. 45.
FTR Associates, located in Nashville, IN, has been a leader in transportation forecasting for over 20 years. The company’s U.S. Freight Model collects and analyzes all data likely to impact freight movement and is based on specific characteristics for over 200 commodity groups. FTR Associates’ forecast reports cover trucking and rail transportation and include demand analysis for commercial vehicle as well as railcar. Specially designed reports are offered to participants in both industries to cover specific needs. For more information about the work of FTR Associates, visit www.FTRAssociates.com or call Helen Lile at 888-988-1699 ext. 45.
For More Information Contact:
Chris Kemmer, Consultant
CK Marketing & Communications
888-988-1699 – Ext. 45