FTR Associates’ Trucking Conditions Index for May, published in the July 2013 Trucking Update, was unchanged compared with the previous month, continuing to reflect a positive environment for trucking with a reading of 12.4.
“The trucking industry has seemingly been stuck in a holding pattern for the last year or so,” said Jonathan Starks, director of transportation analysis for FTR, in a written statement. “Rates have only moved slightly higher and freight growth, while strong at the end of 2012 and early in 2013, has generally been modest.”
“Barring an external change in the marketplace we believe that the [hours of service] changes, in conjunction with the other numerous regulations already implemented or soon to be, will be enough to change the supply and demand equation in favor of the truck fleet,” Starks continued. “That is why we expect a noticeable uptick in rates by the end of the year.”