Although FTR’s August Trucking Conditions Index at a reading of 10.24 fell from the very high reading of the previous month, it continues to reflect a very positive carrier environment. The moderation in the August TCI reflects some freight rate stabilization and continued incremental capacity additions.
Freight demand remains quite strong and the TCI is forecast to hold up at the current level for the next year or more.
Avery Vise, FTR vice-president of trucking, said: “The August TCI reading is the lowest of 2018 so far, but prior to this year the TCI had not been higher than 10.24 since December 2015. In other words, the moderation we see in trucking conditions really just highlights how phenomenal the first half of 2018 was. Based on our current forecast, trucking conditions will remain positive at least through 2019.”
