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FTR’s Trucking Conditions Index for February Moves Up in Expectation of Tightened Market

FTR’s Trucking Conditions Index (TCI) for February took a positive step, moving up about two and half points from January to a reading of 5.11. As detailed in the April issue of the Trucking Update, FTR expects the index to approach a double digit positive reading by year end due to the combination of freight growth and still-planned regulatory headwinds in 2017. FTR is forecasting improvement in freight growth in 2017, closing in on 4% loadings growth for the year. FTR’s regulatory forecast for 2017 has moved modestly down, although they still expect significant effect late in the year from the ELD implementation. On the downside, FTR does not expect contract rates to make a strong move for at least six months.

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