FTR’s Trucking Conditions Index (TCI) for February hit its highest level in 16 months, improving to 11.23 from January’s 10.37.
Strong capacity utilization and freight rates along with stable freight volume have offset surging diesel fuel prices, which eased in late March after weeks of several months of increases, FTR noted.
“You could hardly devise better market conditions for trucking companies as demand is robust in both the consumer and industrial sectors and lingering labor-related challenges due to the pandemic are keeping a lid on capacity,” said FTR’s Vice President of Trucking Avery Vise.
