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FTR Trucking Conditions Index drops in May
Friday, 17 July 2009 00:00

NASHVILLE, Ind.—FTR Associates’ Trucking Conditions Index dropped two points in May to a -22, foreshadowing more hardships to come for the trucking industry.

The latest dip was because of overcapacity in the trucking industry. The FTR Trucking Conditions Index combines five trucking industry statistics into one metric to measure the overall health of the U.S. industry. It’s published in FTR’s Trucker’s Dashboard.

Before the two-point drop, the index had shown three consecutive monthly improvements. A rating of 0 is neutral, so the current -22 places the health of the trucking industry “in solidly negative territory,” FTR said in a news release.

"The improvement in the Trucking Conditions Index, prior to June, was a function of reductions in the interest rates that truckers are paying, as well as the general expectation that freight will stop falling later this year," said Noel Perry, senior consultant and managing director of FTR Consulting Group. He said further improvement in the Index will “require that freight volumes actually stop contracting and rates begin to improve. This will not occur for some months yet and when it does, it will be a slow climb."

TheTrucker.com, 7/17/2009