Shippers Conditions Index

Avery Vise, FTR’s Vice President of Trucking, commented, “Although we still lack comprehensive insights into the state of the U.S. economy, a recent Federal Reserve revision of industrial production estimates implies that freight demand is even weaker than we thought. That’s good news for shippers in the near term as it suggests that freight capacity might still exceed volume significantly, but it raises the prospect of a faster and stronger market tightening when freight demand does recover. We believe the freight market has entered an inevitable transition phase that could yield volatility in the coming months.”