According to the freight forecasting firm FTR’s Trucking Conditions Index, the health of the industry is improving. The capacity is very tight at the moment, which is shown by the reading of the index at 8.69. The Index is expected to remain at this level for the whole year.
If the freight growth slows down, this will present an opportunity for a relief of the capacity tightness. The weather disruptions and unsettled regulations caused the tight supply currently.
As for truckers, they could use the opportunity to get a needed raise in their rates. The balance of supply and demand should be reached soon enough again, as the results from the winter conditions are already fading.
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