FTR Shippers Conditions Index improved in November
The freight transportation forecasting company says falling diesel prices are to thank for the uptick.
FTR Shippers Conditions Index improves as diesel prices fall
The most significant improvement was reversal of the surge in diesel prices, FTR said.
Market trucking conditions decline in February due to rate, volume weakness
Industrial and consumer sectors are sluggish, but spending on goods is still elevated.
October trucking conditions reflect toughest environment since April 2020
The October TCI was the weakest since the all-time low reading of -28.66 in April 2020.
Don Ake to retire from FTR
Don Ake retired from FTR at the end of September. Ake has been the vice president of commercial vehicles at FTR since 2013. His responsibilities included forecasting and analysis of the Class 8, commercial trailers, and medium duty truck markets. Ake began his career in the industry with equipment supplier Hendrickson in 1993 and has
FTR’s Shippers Conditions Index falls sharply
FTR’s Shippers Conditions Index (SCI) for October, as reported in the December Shippers Update, fell sharply to a -12.38 reading. October was the lowest reading since the all-time low was reached in March of this year reflecting worsening market conditions for shippers. The primary cause of the severe decline was the surge in diesel prices
FTR’s latest Shippers Conditions Index reflects tough conditions for shippers
FTR’s Shippers Conditions Index (SCI) for June fell back to a reading of -12.0, reflecting a continuing tough environment for shippers. Shipper market conditions remain highly negative. Freight rates improved slightly during June, but it was not enough to offset tighter capacity utilization and little change in other components—volume and fuel costs—to hold off the
FTR’s July Shippers Conditions Index falls to negative territory
The FTR Shippers Conditions Index fell into negative territory for the first time since August 2018, with a -0.36 reading. FTR says after a huge positive spike as COVID-19 impacted freight movement, the SCI now reflects a continued weakening of shippers’ market conditions. Freight volume and utilization were actually more favorable to shippers in July,
FTR’s May Shippers Conditions Index falls sharply in May but remains high
FTR’s Shippers Conditions Index (SCI) for May fell sharply to 24.8 from the extraordinarily high pandemic-impacted 41.3 April reading. While not nearly as positive as April, FTR says, May’s SCI was still the second-highest on record. All inputs to the measure were weaker in May than in April, but all remained positive, especially capacity utilization
New FTR index tracks recovery from COVID-19 shutdowns
A new index provided by FTR provides visibility on the state of the trucking market as anticipation of an economic restart grows. The COVID-19 Truck Freight Recovery Index shows a sharp mid-March drop that has remained stable for the past two weeks, indicating a bottoming out in the spot market, FTR says. The index, a
