FTR’s Shippers Conditions Index Could Fall to a Record Low
FTR’s Shippers Conditions Index (SCI) was already forecast in the near-term to fall to its lowest level in four years, but surging fuel costs on top of the tightening freight environment potentially sets the stage for the most unfavorable market conditions ever for shippers. However, to achieve that milestone, sharply higher fuel costs also would have to reduce capacity and raise freight rates in the near term – not just spike fuel surcharges.
FTR’s current forecast, which was locked in before military strikes on Iran, anticipated that the SCI for February would be weaker than January’s -5.0 reading, which indicated the toughest overall conditions for shippers since May 2022.
The SCI reading of -23.1 in March 2022 is the lowest ever, driven by a still-tough truck freight market and, especially, what was – at least at the time – an unprecedented surge in diesel prices of $1.15 a gallon over two weeks. The surge of more than 96 cents during the first week of March 2026 far surpasses the first week of the March 2022 surge, but obviously the performance of prices in the coming weeks is unknown.
