Market conditions for trucking companies in January tumbled, with FTR’s Trucking Conditions Index falling into negative territory for the first time since September.
FTR’s TCI reading for January fell to -2.56, which was almost the exact opposite of December’s +2.67 reading.
Higher diesel prices and weak freight rates, volume and utilization resulted in unfavorable overall market conditions for carriers in January, the firm said. The only positive contributor to the index in January was cost of capital, although freight volume and truck utilization were only minor negatives.
