The new edition of the Trucking Conditions Index (TCI), which was published late last week by freight transportation consultancy FTR, remained negative, for the sixth consecutive month.
According to FTR, a TCI reading above zero represents an adequate trucking environment, with readings above 10 indicating that volumes, prices and margin are in a good range for carriers.
For October, the most recent month for which data is available, the TCI reading sank to -11.25, well below September’s -2.35, for its lowest reading since the all-time low of -28.66 in April 2020.
