The outlooks for the trucking industry remain positive, but challenges and constraints are still there, according to the Trucking Conditions Index (TCI). The index is at 7.54 for February 2014, which is a positive sign, but is a warning for shippers on the look for carriers.
The harsh winter conditions were not included in the index. If they had been included, it would have been above 10, which means the tightest reading in the truck market ever. The index is likely to remain around its current level throughout the year.
The truck demand is already in spring mode, meaning that the spot market capacity is increasing and the load activity is slightly decreasing. A tipping point is expected in terms of freight demand sustaining the high level of truck use.
Category: Commercial Bonds