* Indiana - But by 2017 freight favorability should swing back to trucking
-- The most recent Trucking Conditions Index (TCI) metric compiled by research firm FTR showed “continued softening” in February due to a weaker freight environment for trucking, with the current reading of 8.27 reflects FTR’s forecast for a slowdown in truck loadings from an average of 4% to 2% for full year 2016... Yet the company noted there are still “positive indicators” for trucking including, adding that it expects its TCI to begin a steady rise into 2017 and 2018 due to expected regulatory capacity constraints, though the risk of recession or the possibility of temporary spikes in fuel prices could change things in the 2018 timeframe... Jonathan Starks, FTR’s COO, noted that the freight rate environment has deteriorated, but unless the market sinks further, trucking should expect to see contract rates begin improving in the second half of the year...
(Photo: Freight loads are looking to slow this year, 2% growth is still a "reasonable environment" for truck operations) -- Bloomington, IND, USA - Fleet Owner - 11 April 2016Labels: trucking industry news USA
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