A recent report shows no positive readings in the Trucking Conditions Index until 2024.
The latest Trucking Conditions Index (TCI) report by Freight Transportation Research Associates, Inc. (FTR) showed a slight improvement in December to -6.1 from November’s -7.94 reading.
However, the small gain was attributed solely to the “sharp drop in diesel prices during the month.”
The report further noted that “changes in all freight-related TCI components—freight volume, capacity utilization, and freight rates—were unfavorable for carriers in December,” adding that “the rates component was the most negative it had been since May 2020.”
Upon publication of the report, FTR Vice President of Trucking Avery Vise said, “the outlook for trucking conditions has changed little, and we still do not forecast any positive readings for the Trucking Conditions Index until late 2024.”…