Following the November 2018 bounce back of FTR’s Trucking Conditions Index, the December measure spiked to a reading of 11.46.
The sharply improved December 2018 reading is a result of strong m/m growth in volumes along with a favorable fuel environment. However, FTR forecasts that this level will not be sustained in 2019 with readings falling back to the mid-single digit positive readings in January and moving steadily to more neutral conditions likely by Q4.
Avery Vise, FTR’s vice-president of trucking, said: “While we don’t anticipate truly negative trucking conditions at any point in 2019, we think we have seen the end in this cycle of the abnormally strong pro-carrier conditions that had held sway from the days following the 2017 hurricanes through the second quarter of 2018. December 2018 probably was just one last taste of the good ol’ days of six months ago.”