
Stronger freight rates would have pushed FTR’s Trucking Conditions Index to a third straight record, but those gains were offset by a swing in diesel prices. Still, conditions were robust.
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“You could hardly devise better market conditions for trucking companies as demand is robust in both the consumer and industrial sectors," said Avery Vise, FTR’s VP of trucking.
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FTR’s latest forecast calls for stronger freight demand and positive trucking conditions through 2021.
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UPS is selling its UPS Freight less-than-truckload division to TFI International Inc. for $800 million.
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After a record low of -28.66 this past April, FTR’s Trucking Conditions Index jumped to a historic high to 11.35 for June, the highest in a decade.
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Three months after selling 27 Tire Centers stores to an independent tire dealer in the southeastern U.S. Michelin North America is planning to sell more of its TCi locations.
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FTR’s Trucking Conditions Index for July remains in a positive range with a reading of 5.75, reflecting tightening capacity, rising spot rates.
Read More →FTR’s Trucking Conditions Index reading of 9.18 in October, while down marginally from the previous month, remains high due to capacity tightness from regulatory drag.
Read More →FTR's Trucking Conditions Index reading of 9.97 in September continues to show a positive environment for trucking. The index is expected to peak in October after which the full impact of the newly enacted hours-of-service rules negatively affect trucking.
Read More →FTR's Trucking Conditions Index reading of 9.52 in August is a full point improvement from the July reading.
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