FTR’s Trucking Conditions Index for February, published in its April 2013 Trucking Update, had a favorable reading of 12.9, increasing 2 points month-over-month, reflecting an increasingly improving outlook and serving as a strong sign of positive momentum in the truck industry.
“The majority of indicators through the early part of 2013 have been solidly favorable for trucking,” said Jonathan Starks, director of transportation analysis for FTR, in a written statement. “The lone outlier is truck freight rates, which have been stable, but have shown very little growth since early 2012. We expect that situation to change once the new [hours-of-service] rules go into effect in July.”
“Industry capacity and demand for truck freight services are currently very close to equilibrium and it will not take much to move the needle to a supply shortage that should benefit truckers,” he added.