Cabotage, employment violations for fleet owner | Trucking conditions down
FTR's monthly Trucking Conditions Index declined in September as fuel prices rose, but the firm expects favorable conditions through...
Market conditions for trucking companies deteriorated modestly in September from August, largely due to record fuel costs and stagnating freight rates, according to FTR’s latest Trucking Conditions Index (TCI).
In September, FTR’s TCI declined to 8.13 from August’s 11.5 reading. FTR’s revised forecast at once predicts more favorable conditions for carriers over at least the next three quarters than in the prior outlook.
“Multiple signs point to a truck freight market that probably will be considerably stronger over the next few quarters than we had previously forecast,” said Avery Vise, FTR’s vice president of trucking. “Slow employment growth in trucking despite strong freight rates suggests head winds for adding drivers, including various enforcement initiatives. An increase in our freight volume forecast puts further upward pressure on capacity utilization.”
A Texas-based trucking company owner has been indicted for allegedly employing unauthorized drivers to transport domestic freight.
This story was originally published by Overdrive. Read the full story at Overdrive →
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