Fuel, financing cost hikes batter trucking companies in October

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Sharp increases in fuel and financing costs coupled with an unfavorable trend in freight rates resulted in a major deterioration of financial conditions for trucking companies during October. FTR’s Trucking Conditions Index (TCI) fell to a -11.16 reading from the -2.35 reported in September. The October TCI was the weakest since the all-time low reading […]

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