2015 HDT Fact Book: Industry
The TCI illustrates a change in market dynamics in that the market is more stable and positive versus the very large cyclical swings seen in prior decades. It is a compilation of factors affecting trucking companies. Readings above zero indicate a generally positive environment for truckers. Readings above 10 signal that volumes, prices, and margins are likely to be in a solidly favorable range.
ATA’s yearly tonnage numbers showed that tonnage was up 3.5% in 2014 over 2013. On a monthly basis, in January 2015, the index hit an all-time high of 135.7, but by June 2015 had dropped to 131.1.
Concern over capacity issues has dropped from last year’s 15%, while customer service has increased slightly from last year’s 87%.
ACT’s Freight Composite is its proxy for activity in the freight-generating parts of the economy. After strong freight creation from early 2013 through Q3 2014 (exQ1), the past couple quarters have been less than stellar in terms of new freight growth.
The Cass Truckload Linehaul Index is a measure of changes in per-mile truckload linehaul rates, reflecting baseline prices without fuel surcharges and accessorials.
ACT’s database of publicly
traded carrier information shows healthy carrier profits.
The improving economic picture is having a positive impact on utilization. Looking forward, utilization is expected to modestly slow.
