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FTR’s Shippers Conditions Index for October Reflects Worsening Market Conditions

01.05.21 | FTR



FTR’s Shipping Conditions Index for October fell to a -11.6 reading reflecting sharply worsening market conditions. In October there was a sudden increase in capacity utilization which, along with a tough rate environment and higher freight demand, resulted in the lowest reading for the SCI in three years. FTR forecasts the SCI beyond October to improve but it is not expected to rise into positive territory until at least late 2022.
 

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, “The uncertainty around the COVID-19 pandemic and the potential for pent-up freight demand once the vaccine becomes widely available should help keep shippers conditions under pressure through the next 18 months.”
 
The December issue of FTR’s Shippers Update, published December 7 provides a detailed analysis of the factors affecting the October Shippers Conditions Index and provides the forecast for this index through October of 2021. Additional commentary includes an overview of the significant recovery for the goods transport sector in Q3 which greatly outpaced the broader economy.
 
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. 
The index tells you the industry’s health at a glance. A positive score represents good, optimistic conditions. A negative score represents bad, pessimistic conditions. 



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 inf[email protected]