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Driver turnover, a problem that has traditionally plagued longhaul, irregular-route truckload fleets, is now affecting every type of fleet in the industry – and it's only going to get worse, according to industry analysts at investment advisory firm Stifel.
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FTR’s Trucking Conditions Index increased to a reading of 8.49 for July, one of the highest points this year. The high values reflect rising prices and service lapses caused by the current capacity crisis. FTR says the TCI could go even higher this fall if the economy accelerates as expected.
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The amount of freight available on the spot market remained stable over the past week, while rates have improved little if any, according to freight matching service provider DAT -- but things could turn around soon.
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Trucking capacity is indeed tight, according to the third-quarter 2014 Fleet Sentiment Report survey conducted in July by CK Commercial Vehicle Research, and carriers are trying many methods to improve productivity.
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2014 may be a very volatile year requiring increased shipper attention to market conditions. FTR’s Shippers Conditions Index for February, at a reading of -8.8, reflects an earlier than normal tightening of capacity created by the debilitating effects of winter storms in early 2014.
Read More →A new report shows business conditions in the trucking industry remain positive, despite a slight downturn, amid warnings of a possible capacity shortage.
Read More →FTR’s Trucking Conditions Index reading of 7.01 in November, while 20% lower than the previous month, still reflects a positive environment for truckers.
Read More →FTR's Trucking Conditions Index reading of 8.41 in July reflects a 30% improvement over the previous month’s reading. The jump reflects the indexes forward look at an expected pricing uptick for truckers this fall as capacity tightens with regulatory effects and decent freight demand.
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In the second-quarter survey, 65% of carriers indicated they plan to increase capacity. This presents no notable change from first-quarter 2013 and second-quarter 2012 percentages.
Read More →Modest rate increases are expected to resume as freight enjoys reasonable volume growth alongside the reduced trucking productivity that is the result of increased regulations.
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