Trucking companies are expected to encounter a "modestly unfavorable" outlook

Driver IssuesBehind the Wheel
Written By Jennifer Joslyn

🚚 Trucking companies are expected to encounter a "modestly unfavorable" outlook.

According to transportation analyst firm FTR, market conditions for trucking companies are expected to remain unfavorable into 2024. FTR's Trucking Conditions Index (TCI) for March showed a decrease to -5.83, indicating persistent unfavorable conditions compared to the previous month. The decline was driven by challenging financing costs, a negative rate environment, and deteriorating spot rates, partially offset by lower fuel costs and slightly stronger utilization rates.

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Jennifer Joslyn
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