US research company FTR has reported a positive Trucking Conditions Index (TCI) reading of 9.07 for September 2014, indicating a strong performance of the North American trucking industry.
According to FTR, the TCI has been increasing over the last couple of months and the September reading reflects strong underlying market trends.
In line with the trend, FTR expects little change in the TCI in the foreseeable future – unless there is a change in the economy or increased regulatory drag on capacity. Capacity utilisation currently stands within 100 basis points of its all-time record and is at the breakpoint between manageable tightness and crisis.
Jonathan Starks, Director of Transportation Analysis at FTR, said, “Rates are still well above last year’s levels and will stay that way until we lap winter conditions in January and February.”