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FTR’s Shippers Conditions Index Falls Sharply Again in June to Near Neutral Reading

08.26.20 | FTR



After two historic months, FTR’s Shippers Conditions Index weakened markedly in June’s reading of 1.03, down from 24.8 in May. The key shift m/m was in capacity utilization which had been a strong positive in May but was the only negative factor in June. Rates remained a positive contributor to the June SCI but a much smaller one than in May. FTR’s current outlook is for stronger conditions with SCI readings in the mid-to-high single digits through the rest of 2020.
 

Click here to view the latest release and an interactive graph of the SCI>


 
Todd Tranausky, vice president of rail and intermodal at FTR, commented, “Spot tightness in the trucking market and surging domestic intermodal volumes put downward pressure on the index. Through the balance of the year, uncertainty remains high, but FTR expects a positive environment for shippers through the end of 2020.”
 
The August issue of FTR’s Shippers Update, published August 7th, details the factors affecting the June Shippers Conditions Index and provides the forecast for this index through June of 2021. The additional commentary in this report looks at some of the barriers to restoring trucking capacity, especially driver supply.
 
The Shippers Conditions Index tracks the changes representing four major conditions in the U.S. full-load freight market. These conditions are: freight demand, freight rates, fleet capacity, and fuel price. The individual metrics are combined into a single index that tracks the market conditions that influence the shippers’ freight transport environment. A positive score represents good, optimistic conditions. A negative score represents bad, pessimistic conditions. The index tells you the industry’s health at a glance.



For more information call 888-988-1699 or email [email protected]


The Shippers Update, launched by FTR during 2010 as a part of the firm’s Freight Focus, looks at conditions that will affect the cost and efficiency of shipping goods via all transportation modes. North American shippers will find in one reference the essential information they need on freight volumes, equipment capacity, and transport costs and rates.

The Shippers Update has both history and forecasts for four modal options: truckload, less-than-truckload, intermodal, and rail carload. The analysis includes the breakdown of total truck and rail volumes into major commodity segments. It also provides historical snapshots of inland water and air freight markets. The freight data is augmented by an abundant collection of supporting data covering macro-economics and the fuel market.
 

Click here to view a sample report >

About FTR 
For more than 30 years, FTR has served as the industry leader in freight transportation forecasting for the shipping, trucking, rail, intermodal, equipment, and financial communities in North America. With over 250 years of combined experience in the transportation industry, FTR’s experts provide quantitative analysis with historical and modal-specific insights. FTR’s reports, data, commentary, and insights help their clients evaluate market risks, identify new opportunities, and make informed decisions.
 
FTR is the only company with a complete set of freight data for all modes of transportation with detail at the 3 Digit STCC commodity level. FTR tracks and forecasts 200+ unique commodity groups both quarterly and annually using their proprietary Freight•cast™ freight forecasting model. 
 
To learn more about FTR visit www.FTRintel.com, Follow us on twitter @FTRintel and connect with us on LinkedIn. To contact FTR, call 888-988-1699 or email [email protected]