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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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Technology will boost productivity and truck utilization to where demand for equipment will greatly decline, one researcher says.
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FTR transportation expert Noel Perry told an audience at the AmericQuest Symposium that trucking currently is outperforming the broader economy, and there are both good and bad economic indicators at play.
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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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Class 8 truck orders rebounded while Class 5-7 orders remained strong in December, according to preliminary numbers from ACT Research and FTR.
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The October FTR index fell by more than three points from September to a reading of 5.06, in line with previous predications from FTR.
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Compared with last year’s record truck order numbers, the early reports for this November show dramatically decreased demand in the Class 8 segment.
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While trailer orders in October were down month over month and year over year, they still beat expectations thanks to "spectacular" refrigerated van orders, according to industry research and analysis firm FTR.
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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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