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.
“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.
An increase in goods entering Californiais 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.
Sorry, you are not logged on and do not have access to this content. If you are a member, please log on. FTR Report
FTR Webinar Replay -- CV Truck and Trailer Market: 07/14/2011
FTR's latest quarterly webinar for the CV truck & trailer markets was conducted on Thursday, July 14th. The replay and slides are now available.