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The FTR Trucking Conditions Index for April was up over the previous month, but still not significantly better-- reflecting soft market conditions affecting the trucking sector.
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FTR's Trucking Conditions Index fell by nearly 50% in March as a weak economy during the first quarter of 2016 negatively impacted the freight market.
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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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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 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 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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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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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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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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FTR’s Trucking Conditions Index measure for May dropped to a three-year low of 4.91 due to softer capacity, pricing, and fuel prices. The index is expected to move into significantly more positive territory as the anticipated regulatory drag in 2016 and 2017 dramatically tightens capacity.
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