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More gloom than boom, but no doom sums up the economic outlook for 2016 presented by FTR economists in the latest State of Freight webinar hosted by the research and analysis firm.
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The FTR Trucking Conditions Index declined from the previous month’s number to a reading of 8.46 in September. The reading in August was the highest of 2015 so far.
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Trailer orders saw a significant increase in August due to a surge in the dry van market, according to the latest report from ACT Research and FTR.
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Former FMCSA Administrator Annette Sandberg told attendees at the FTR Conference that most of FMCSA'S current rulemaking workload is on hold until after Acting Administrator Scott Darling is confirmed as the Agency's next Administrator.
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The reinvented Trans4Cast provides a deeper dive into the spot marketplace. Freight professionals are now able to see information that’s more relevant to their business, viewing spot market data by freight equipment type and region.
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GDP growth in the second quarter could drive improvements in freight and FTR is forecasting double digit positive Trucking Conditions Index readings by the end of the year.
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Preliminary numbers for Class 8 truck orders show near two-year lows in August, per the latest projections from ACT Research and FTR.
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UPDATED -- A month-over-month decline was particularly impacted by a drop in dry van orders following some large fleet orders placed in June, but were 13% better than July 2014.
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The FTR Trucking Conditions Index for June jumped up 56% from May to a reading of 7.66, hitting the highest level of 2015 so far.
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Class 8 truck orders increased by a good amount in July, indicating a growing confidence in the market, according to analysis from FTR and ACT Research.
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