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Trucking conditions dropped into negative territory in March, FTR report shows

May 15, 2019 at 07:23 AM CST
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A measure of business conditions for the trucking industry has continued its downward trend from the boom days of 2018, falling into negative territory in March for the first time in "several years," according to the freight industry tracking firm FTR. FTR's Trucking Conditions Index (TCI) for March fell to -1.18, its first negative reading in years, the Bloomington, Ind.-based freight transportation forecasting and consulting firm said today. In FTR's index, positive numbers mean strong conditions for carriers—and high freight prices for shippers—while a zero reading indicates that truck supply and demand are roughly in balance.The index's negative rating for March comes just over a year since it hit a record high of 15.41 in February 2018.