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.
“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.
FTR’s latest forecast calls for stronger freight demand and positive trucking conditions through 2021.
UPS is selling its UPS Freight less-than-truckload division to TFI International Inc. for $800 million.
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.
Michelin North America Inc. has sold four Tire Centers stores and a TCi retread plant to two independent commercial tire dealers.
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.
FTR’s Trucking Conditions Index for July remains in a positive range with a reading of 5.75, reflecting tightening capacity, rising spot rates.
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.
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.
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