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FTR Trucking Conditions Index for March is the First Negative Reading in Several Years

FTR’s Trucking Conditions Index for March fell to -1.18, its first negative reading in several years. The measure reflects a softening environment for carriers as freight rates continue to ease and demand outlook is sluggish although positive. Active truck utilization, as well as the truckload (TL) rate outlook, continued to ease in March. The weakness in TL rates is mostly on spot rates, but the contract rate outlook also has turned slightly negative. FTR’s outlook for loadings growth is slightly down from previous forecast with y/y growth now expected to be just under 2%. 

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