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The Trucking Conditions Index measure fell to a reading of 9.05 for January, indicating slowing growth patterns for truck freight.
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The number of North American freight shipments and the amount of expenditures both posted strong increases in February from the month before, according to newly released Cass Freight Index figures.
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The American Trucking Associations’ seasonally adjusted For-Hire Truck Tonnage Index fell 1.4% in January following a flat December reading.
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FTR is forecasting stable trucking conditions for 2016 after its Trucking Conditions Index rose more than two points in December to a reading of 10.88.
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The number of freight shipments and the dollars spent on freight declined again in January as part of a seasonal trend. However, that's not necessarily a sign of further weakening for the overall economy, according the latest Cass Freight Index report.
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Driver wage increases may be limited by slowdown in freight in the fourth quarter of 2015, according to a carrier survey by Transport Capital Partners.
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The value of trans-border freight movements between the U.S. and its neighbors took a steep decline, according to new U.S. Transportation Department numbers, while Canada regained its historical rank as top North America trade partner after falling behind Mexico.
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American Trucking Associations’ advanced seasonally adjusted For-Hire Truck Tonnage Index increased 1% in December, ending 2015 on a strong note despite an overall slow year.
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The November FTR Trucking Conditions Index jumped by more than three points to a reading of 8.64, possibly pointing to improvements for truckers in 2016, according to FTR.
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The amount of freight moved by the nation’s for-hire transportation sector moved lower in a government index that it says is an indicator of economic cycles.
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