Excerpts from the Journal of Commerce:
The “good news” for trucking fleets spells bad news for shippers seeking carriers to move their goods, as the index reflects “unprecedented” capacity constraints, FTR said.
When adjusted for severe weather, the TCI reading would be pushed above a reading of 10, making it the tightest truck market on record, according to the analyst firm.
“Both carriers and shippers have to be on the lookout for a potential tipping point when freight demand is able to keep the current high level of truck use well into the summer months,” Starks continued. “Such an environment would necessitate shippers bidding up rates to maintain secure capacity during the fall shipping season.”