Weakness Index for Carriers - What does that mean?
Nicholas Walker • August 24, 2023
FTR - Index showing weakness for carriers
Freight Transportation Intelligence (FTR), recently released their condition index data for June that shows there has been a consistent downward trend in market conditions. These favorability conditions are determined by many different factors such as diesel prices, interest rates, price per units and more.
"We expect negative TCI readings to continue for nearly a year longer and little, if any, improvement until 2024. As we have noted before, the challenges are not uniform as the current market is hitting small carriers much harder than larger ones, especially considering the recent upturn in diesel prices," says FTR Vice President for Trucking Avery Vice.
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