FTR’s Trucking Conditions Index Drops in January
FTR’s Trucking Conditions Index (TCI) for January fell to -2.56, reversing December’s +2.67 reading. Higher diesel prices, weak freight rates, and low freight volume contributed to the decline. The only positive factor was cost of capital, while volume and utilization had minor negative effects.
"January proved to be tough for carriers as we anticipated. Although we still forecast an improving market for trucking companies in the months ahead, we remain very concerned that the great uncertainty introduced by tariffs – and especially the lack of clarity over scope and timing – will chill activity and investments that drive freight demand. We do not see any impetus for further significant declines in capacity, so carriers will need stronger volumes to tighten the market and set the stage for stronger freight rates.”
For full analysis, see FTR’s Trucking Update, published February 28, or visit FTR’s Trucking Conditions Index. FTR’s Trucking Update provides further analysis on freight rates, capacity, and economic trends. Stay informed with FTR’s State of Freight Podcast, hosted by Avery Vise, for weekly updates on spot market conditions and industry developments. And make plans to atted the FTR 2025 Transportation Conference toady!