* Indiana - FTR trucking index for May drops 25% to 3-year low
-- FTR’s Trucking Conditions Index (TCI) measure for May dropped another 25 percent to a three-year low of 4.91 as the result of softer capacity, pricing and fuel prices, FTR officials said Monday... "While the market has notably softened, conditions for fleets are still quite positive and indicate how well they are able to manage the current headwinds,” said Jonathan Starks, FTR’s director of transportation analysis. “One significant benefit is that fuel costs have dropped substantially and have yet to significantly rise... A sharp rise in diesel would be very troubling for many of the marginal carriers. Another benefit has been the slow-growing freight environment which has allowed fleets to re-engineer their lanes in order to take better advantage of driving hours. While the capacity situation has definitely eased since last year, it is still well above historical levels and should keep contract rates, at minimum, stable with a potential to grow stronger by early 2016. Overall, the market is stable, and we see that path continuing until we get into 2016, when recession and regulatory risks begin to rise significantly” ...
(Courtesy: FTR - This chart shows the downward trend of the Trucking Conditions Index issued by FTR. Analysts believe the trend will turn upward in the coming months) -- Bloomington, IND, USA - The Trucker News Services - 14 July 2015Labels: transportation indexs, trucking industry news USA
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