The April Trucking Conditions Index from industry forecaster FTR fell to a reading of 7.57 from a March reading of 13.30.
The primary factors driving the index down were an adjustment to FTR's outlook for base shipping rate increases, as well as a further delay in the expected enforcement of new industry driver-related regulations.
The index is a compilation of factors affecting trucking companies and has been rising steadily since October 2010. Any reading above zero indicates an adequate trucking environment, with readings above 10 a sign that volumes, prices and margins are in a good range for trucking companies.
"Although we saw a drop in our Trucking Conditions Index this month, it is still firmly in positive territory reflecting a continued healthy environment for trucking companies," said Eric Starks, president of FTR. "We are seeing some weakness in economic growth which eases capacity constraints somewhat."
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.
The primary factors driving the index down were an adjustment to FTR's outlook for base shipping rate increases, as well as a further delay in the expected enforcement of new industry driver-related regulations.
The index is a compilation of factors affecting trucking companies and has been rising steadily since October 2010. Any reading above zero indicates an adequate trucking environment, with readings above 10 a sign that volumes, prices and margins are in a good range for trucking companies.
"Although we saw a drop in our Trucking Conditions Index this month, it is still firmly in positive territory reflecting a continued healthy environment for trucking companies," said Eric Starks, president of FTR. "We are seeing some weakness in economic growth which eases capacity constraints somewhat."
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.
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