FTR’s Trucking Conditions Index fell to a reading of 3.17 in October, more than one point lower than the previous month’s number.
Freight softened in August and September, according to the American Trucking Associations' monthly Truck Tonnage Index, but tonnage was still up for the third quarter.
FTR’s August Trucking Conditions Index found that although there was some drop off in activity from the previous month, the business environment for fleets remains generally favorable.
At the FTR Transportation Conference, speaker after speaker attempted to capture just how hard-galloping the economy is and the positive if head-spinning impact that is having on the market for moving freight.
The trucking industry is seeing the best economic climate since deregulation, according to Bob Costello, chief economist and senior vice president of the American Trucking Associations.
The ATA Freight Transportation Forecast is projecting steadily increasing freight tonnage overall and for the trucking industry for the next ten years.
LOUISVILLE, KY -- The U.S. economy is "nowhere near” slipping into recession. But the economy is sending mixed signals, so what's going to happen to freight demand over the next several months? FTR's Eric Starks shared his insights at the MATS Fleet Forum Wednesday.
Recent reports on freight movements, shipper spending and even the spot market can be downright confusing if you’re trying to figure what’s happening to the nation’s freight market and overall economic health.
Overall freight revenue will grow by 63.6% to $1.3 trillion annually in 2024 and trucking will see its share of those revenues rise to 81% from 80.7% in 2012.
A month of financial turmoil has turned the economic forecast gloomy. Truckers will need good management to survive recession and the credit crisis.