Good News for Trucking According to the TCI


paraflyer / Foter / Creative Commons Attribution 2.0 Generic (CC BY 2.0)

 

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.

Read the full article at Truckinginfo.

 


Eric is the Chief Marketing Officer of JW Surety Bonds. With years of experience in the surety industry, he is also a contributing author to the surety bond blog. He has held a range of different roles within the surety industry, from agent assistant to bond issuer, which gives him a unique insider perspective on surety related topics.

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