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FTR’s Trucking Conditions Index improved in August to -1.39 from the reading of -5.59 in July.
“Trucking is en route to more favorable conditions next year, but the road remains bumpy as both freight volume and capacity utilization are still soft, keeping rates weak. Our forecasts continue to show the truck freight market starting to favor carriers modestly before the second quarter of next year,” says Avery Vise, FTR’s VP of trucking.
Key takeaways:
- FTR forecasts TCI readings to remain mostly negative to neutral through the beginning of 2025.
- A return to consistent decreases in fuel prices was the biggest factor in better market conditions for carriers in August, although all factors improved at least minimally.
