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FTR’s Shippers Conditions Index Significantly Increases in February Reflecting a Sharply Positive Freight Market

FTR’s Shippers Conditions Index increased significantly in February to a reading of 7.93 up from January’s 3.73. This increase ended three straight months of small declines. It is likely to increase dramatically in the next few months in response to weak volumes and rates stemming from the COVID-19 pandemic. The sharp uptick is not necessarily a sign that shippers are doing well, as much as it showcases the impact on transportation of the COVID-19 virus. It is not expected to remain at elevated levels for long, but will remain positive for shippers through the balance of 2020 as capacity will be slow to reach equilibrium.

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