FTR Shippers Conditions Index improved in November

FTR Shippers Conditions Index improved in November

The freight transportation forecasting company says falling diesel prices are to thank for the uptick.

FTR’s Shippers Conditions Index (SCI) rose two points in November to 6.3, reflecting the most favorable market conditions for shippers since June. According to the U.S. Energy Information Administration, diesel prices fell more than 25¢ a gallon from October to November. FTR says those falling prices bolstered positive market conditions and played the largest role in the rising November SCI.

“Although market conditions for shippers have improved for three straight months, we do not expect the trend to continue beyond early 2024,” Avery Vise, FTR’s vice president of trucking, commented. “The recent strength in the SCI has largely been a function of sharply lower fuel costs. Our forecast remains for a gradual weakening of the SCI toward neutral territory by the end of 2024. Shippers will not see the highly favorable conditions they enjoyed during the first half of 2023, but at worst we expect only mildly unfavorable conditions during a portion of 2025.”

You May Also Like

When will the 2027 diesel engine pre-buy start?

Volvo Trucks’s Magnus Koeck shares his prebuy thoughts, talks 2023 market share and provides a 2024 industry outlook.

Volvo-Trucks-Market-VNL-1400

At a recent media event that rolled out the new Volvo VNL Class 8 truck, Magnus Koeck, vice president of strategy, marketing and brand management for Volvo Trucks North America, provided an update on Volvo Trucks North America market share, the highs and lows of the trucking market in 2023 and what Volvo Trucks expects to see from the market in 2024.

Volvo Trucks new VNL: Lineup overview

We dive into the VNL’s fuel efficiency, safety and take it for a spin.

volvo-vnl-truck
ACT Research: For-Hire Trucking Index reflects recovering freight market

ACT Research says their survey data sows conditions are gradually moving in the right direction.

ACT-Research-For-Hire-Trucking-Index-supply-demand-balance
Nikola produced 42 Class 8 Nikola hydrogen fuel cell EVs in 2023

Nikola Corporation produced 42 and wholesaled 35 Class 8 Nikola hydrogen fuel cell electric vehicles (FCEVs) in 2023.

Nikola-FCEV-Class-8-truck-production-wholesale
Daimler begins leasing in Romania

The partnership with Raiffeisen Leasing now expands Daimler’s leasing program to 17 global markets.

Daimler -Truck-rental-Brazil

Other Posts

Mack announces expansion plans for Virginia plant

The money will go to an expansion at the Mack Trucks Roanoke Valley Operations manufacturing facility.

Mack-Trucks-Roanoke-VA-investment
U.S. Bank Index sees largest-ever freight shipment volume drop

Year-over-year data shows Q4 2023 shipments were down 15.7%, while spending by shippers dropped 13.5%.

US-Bank-Truck-Freight-shipment-volume-historic-drop
ACT Research: Used Class 8 value hits low last seen in 2021

Despite the drop in price, ACT Research vice president Steve Tam says 2023 sales volume increased considerably.

ACT-research-used-class-8-Retail-Summary-December
Volvo honors captains of 2024-2025 America’s Road Team

The 24 captains will be among the first to drive the new VNL truck.

Volvo-2024-2025-americas-road-team-captains-honored-vnl