The transportation forecasting experts at FTR Associates report in their latest trucking update that April’s Trucking Conditions Index (TCI), which measures a broad range of different variables to determine the current and future expected health of the trucking industry, improved slightly for April. The index improved by .7 points to a total of 13.8.
Under the FTR’s methodology, any reading above 0 is considered generally positive for truckers and readings above 10 indicate that the health of the industry is widespread and likely to experience continued growth. Therefore, the latest results of the TCI seem to reinforce the general consensus regarding the future of the trucking industry, and perhaps the American economy as a whole.
At TBS Factoring Services, our goal has always been to provide support and assistance to independent trucking operators to make sure that they have everything they need to stay on the road and in business. If you would like to learn more about what our factoring services can do for you, please contact us at 800-207-7661.