Trucking index up in October

| November 18, 2009

The FTR Trucking Conditions Index (TCI) for October increased for the third consecutive month to minus 16.4, the highest reading since November 2008.

But the index, five truck industry statistics combined into one metric measuring the overall health of the trucking industry, remains significantly below a neutral reading of zero.

“The continued negative TCI reading is a clear sign that the transportation industry is still struggling from the steep downturn seen late last year and into 2009,” says Eric Starks, president of FTR. “Real acceleration in the trucking fundamentals that we track for this index will likely wait for a substantial recovery in volumes and capacity utilization, which we don’t expect to occur for at least another year.”

More About:

,

New Advantage When Spec’ing a Cummins SmartAdvantage™ Powertrain

Notice: Overdrive is transitioning to a new comment platform due to technical problems with the former commenting system. The new commenting system is now live. We are currently in the process of moving all of the comments from the old system into the new system. We appreciate your patience in the meantime.