FTR Shippers Conditions Index shows positive readings in September as diesel prices fall

FTR Shippers Conditions Index shows positive readings in September as diesel prices fall

"Moving forward, it is likely that diesel prices will determine what the change in the index will be for the next few months."

FTR’s Shippers Conditions Index (SCI) moved into positive territory in September to a reading of 0.35 from the previous -2.7 in August. The slowing of the recent surge in diesel prices helped shippers as market conditions otherwise were mostly stable.
 
“The neutral reading just above zero shows a relatively stable result, but it moves the index back into positive territory on an easing of diesel prices,” said Todd Tranausky, vice president of rail and intermodal at FTR. “Otherwise, the market is little changed. Moving forward, it is likely that diesel prices will determine what the change in the index will be for the next few months.”

You May Also Like

ACT Research ups 2024 Class 8 production and sales expectations

Looking at demand, activity, orders and backlogs, ACT Research expects an Class 8 production and sales to rise for the first time since last July.

Trucking-Market-Industry-Report-Generic-sales-production-act-research

After holding steady on the forecast since last July, ACT Research has pushed 2024 Class 8 production and sales expectations up in February, as published in the latest release of ACT's North American Commercial Vehicle Outlook.

“In addition to an improving economic outlook, the decision to boost the forecast, despite near-term inventory risks, reflects the industry’s ability to more aggressively sell into Mexico and export markets, while maintaining strength in domestic vocational,” said Kenny Vieth, ACT’s president and senior analyst. “The 2024 market is atypically bifurcated: considerable strength remaining in U.S. and Canadian vocational markets and Mexico helps offset otherwise weak demand in U.S. and Canadian tractor markets, LTL excluded.”

Model year 2025 engines: What you need to know

Building on 2024 designs, heavy-duty diesel engine manufacturers remain focused on improving efficiency when looking at the 2025 model year.

cummins-volvo-detroit-engine-group-2024-2025
Daimler delivers two Freightliner eCascadia trucks to Goodwill

These are the first zero-emission, Class 8 trucks in Goodwill Industries of New Mexico’s fleet, and the first eCascadias operating in the state.

Daimler-Freightliner-eCascadia-Goodwill
ELFA data suggests strong start for new business volume in 2024

December’s new business volumes were up both year-over-year and month-over-month.

ELFA-MLFI-dec-23-strong-start-to-2024
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

Other Posts

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