FTR’s Trucking Conditions Index edged higher in August to a reading of 2.3. The Trucking Conditions Index is a compilation of factors affecting trucking companies; and the August reading, which is the sixth consecutive reading in positive territory, reflects a healthy environment for trucking.
Strong manufacturing increases have generated truck freight above GDP. Expected freight growth of 4%, limited driver capacity along with fleet downsizing will keep the index in positive territory through 2011. The August Trucking Conditions Index and the current status of factors affecting the trucking industry are reported in the October issue of FTR’s Trucking Update (www.ftrassociates.com/truckingupdate).
“Conditions for trucking are positive in spite of sluggish growth in the overall economy because manufacturing, which generates freight, is growing much more rapidly than services,” commented Eric Starks, President of FTR. “The freight growth along with capacity shortages we have been forecasting bodes well for trucking companies over the next couple of years at a minimum.”
The October Trucking Update includes commentary concerning the worsening driver shortage in a high-unemployment environment.
For more information on how to subscribe to The Trucking Update or other publications within the Freight Focus Series, contact Helen Lile at 1-888-988-1699, Ext. 45.