ftr trucking conditions index

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. The index tells you the industry’s health at a glance. However, FTR does not forecast any further eroding of the TCI with an expected near-neutral measure through the first half of 2020. FTR’s Trucking Conditions Index falls to lowest level ever The April TCI (the most recent month for which data is available) came in at -28.66, topping the previous low of -16.08 recorded in September 2008, and far outpacing March’s -8.69. Carriers took advantage of stronger freight rates while the freight demand and capacity utilization that set the stage for those rates settled somewhat during the month. FTR’s Trucking Conditions Index for October jumped to the highest level in the nearly 30 years captured in the data to a 16.17 reading. BLOMINGTON, Ind. The most recent edition of the Trucking Conditions Index (TCI), which was recently issued by freight transportation consultancy FTR, pointed to still-strong market environment for motor carriers. – A Trucking Conditions Index recorded by the industry analysts at FTR has hit record levels just six months after hitting its lowest reading. In life, running a fever is an indication of a health problem. This record comes just six months after the lowest TCI reading ever recorded (-28.66 in April) during the initial phases of the pandemic. FTR said that this reading represents the beginning of negative readings, which will likely lead to the worst quarter on record. FTR’s Trucking Conditions Index for September was the lowest reading since May, reflecting a relatively weak environment for carriers. It may not tell you exactly what’s wrong, but it alerts you to look deeper. According to FTR’s Trucking Conditions Index for August, carriers saw a positive rate environment with reading of 8.31. The Great Plains states, Texas, Iowa, Indiana and Illinois are seeing at least 30% less reefer volume. The October reading of 16.17 jumped to the highest level in 30 years, while the April numbers (-28.66) were tracked during the initial days of pandemic-related shutdowns. FTR Intel’s Trucking Conditions Index rose again in September to a positive reading of 10.69, up 2+ points from August. FTR’s Trucking Conditions Index reading of 11.35 for June is the highest in a decade and comes just two months after a record-low April reading of -28.66.AdvertisementClick Here to Read MoreAdvertisement However, FTR says it is unclear how long the positive factors affecting the June reading—a combination of higher utilization and strong growth in freight […] Source: FTR. FTR Trucking Conditions Index set to be negative through mid-2021 The March TCI (the most recent month for which data is available) came in at -8.69. FTR’s Trucking Conditions Index (TCI) for July at 2.84 was down from the previous month’s 11.35 reading, but trucking conditions remain favorable for carriers as the recovery continues. FTR: COVID-19 pandemic taking toll on Trucking Conditions Index “The trucking industry—like the rest of the economy—has never seen such an abrupt deterioration,” FTR vice president says. FTR’s Trucking Conditions Index for October jumped to the highest level in the nearly 30 years captured in the data to a 16.17 reading. This record comes just six months after the lowest TCI reading ever recorded (-28.66 in April) during the initial phases of the pandemic. But Avery Vise, FTR vice president of trucking, said reefer business is uneven for other parts of the nation that produce food. Latest News CABT report cites issues and challenges from bigger trucks but stakeholder opinions differ. BLOOMINGTON, Ind. Close. FTR’s Trucking Conditions Index for July, at a reading of 14.04, reflects the strongest conditions the industry has seen since early 2004. FTR’s July Trucking Conditions Index grows at a reduced rate The July TCI, which is the month for which the most recent data is available, came in at 2.84, well below June’s 11.35, which is the highest reading in a decade, according to FTR. Connecting the Trailer Industry Throughout North America. November 19, 2020 The most recent edition of the Trucking Conditions Index (TCI), which was recently issued by freight transportation consultancy FTR, pointed to still-strong market environment for motor carriers. June 12, 2020 {scmr_abstract} Logistics in the News August U.S. rail carload and intermodal volumes are mixed, reports AAR. Economic indicators linked to freight volume are generally weaker entering the new year and the rate environment in trucking continues to soften. Apr 24, 2020. FTR said strong sequential volume gains, as well as a favorable fuel environment paced this growth. Username The index reading was 0.96 for February, which was down from January but slightly positive, FTR said. Commercial Vehicle Staff. FTR Trucking Conditions Index ... FTR has served the shipping, trucking, rail, intermodal, equipment, and financial communities for more than thirty years. Carriers took advantage of stronger freight rates while the freight demand and capacity utilization that set the stage for those rates settled somewhat during the month. FTR said that this reading represents the beginning of negative readings, which will likely lead to the worst quarter on record. Source: FTR The FTR Trucking Conditions Index (TCI) will likely stay negative until 2021, FTR reported Friday. — FTR’s Trucking Conditions Index (TCI) for September, at -2.94 was the lowest reading since May, reflecting a relatively weak environment for carriers. FTR’s Trucking Conditions Index hits third highest reading in more than 10 years The September TCI, which is the month for which the most recent data is available, rose more than 2%, to 10.69, marking the TCI’s third highest reading going back to January 2010. April’s TCI reading came in at -28.66, plummeting from its March reading of -8.69. This week, FTR Transportation Research released its latest Trucking Conditions Index (TCI), and thanks to the coronavirus pandemic, it was the lowest reading on record. FTR’s Trucking Conditions Index reading of 11.35 for June is the highest in a decade and comes just two months after a record-low April reading of -28.66. FTR’s Trucking Conditions Index for July at 2.84 was down from the previous month’s 11.35 reading, but trucking conditions remain favorable for carriers as the recovery continues. — FTR’s Trucking Conditions Index fell in February to a reading of 1.71, the lowest reading for the index since August 2017 and reflective of the easing market conditions for this transportation segment. FTR Trucking Conditions Index set to be negative through mid-2021 The March TCI (the most recent month for which data is available) came in at -8.69. Readings near zero are consistent with a neutral operating environment, and double-digit readings (both up or down) are warning signs for significant operating changes. FTR’s Trucking Conditions Index sees significant gain For December, the most recent month for which data is available, the TCI came in at 11.46, a significant increase over November’s 5.84 and October’s 3.17. The TCI is based on freight volumes, utilization and rates. Similarly, a reading well below zero on the FTR Trucking Conditions Index warns you of a problem, while readings high above zero spell opportunity. FTR’s Trucking Conditions Index fell back nearly two points in May to a new reading of -2.3. The worst reading prior to … However, it is unclear how long the positive factors affecting the June reading – a combination of higher utilization and strong growth in freight demand and rates – will remain in place.

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