Transportation analysis firm FTR’s Trucking Conditions Index (TCI) measure for October fell more than three points from September to a reading of 5.06. The TCI was projected by FTR to decline through Q4/15, so the October reading was not unexpected.
FTR said conditions are expected to improve for truckers in 2016 as shippers become concerned with the possibility of tight capacity in the second half of the year. FTR is forecasting 3% or better growth for truck loadings in 2016, reflecting stronger than expected results in 2015 and continued economic growth going forward.
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