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

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.

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