FTR’s Shippers Conditions Index drops to -6.2 reading

FTR’s Shippers Conditions Index drops to -6.2 reading

FTR’s Shippers Conditions Index (SCI) fell back in May to a -6.2 reading. After relatively stable diesel prices in April, large increases in May coupled with tighter capacity utilization led to tougher market conditions despite some rate relief. The outlook for the SCI is for little change as utilization and rates are expected to remain mildly unfavorable for shippers. Occasional positive readings are possible depending on changes in fuel costs and market dynamics. 

“There is a lot of uncertainty in the weeks and months ahead as congestion remains a front burner issue for anyone moving freight through the port and rail supply chain,” said Todd Tranausky, vice president of rail and intermodal, FTR. “There is no easy solution to the congestion woes facing the ports and rail carriers, and it is unlikely to improve meaningfully before the peak season ramps up.”

The June issue of FTR’s Shippers Update provides a detailed analysis of the factors affecting the April Shippers Conditions Index and provides the forecast for this index through May of 2023. The July issue also includes a discussion of the dynamics currently supporting a shift of freight demand back to larger contract carriers from smaller carriers and the spot market.

You May Also Like

Transervice Logistics gets new VP of Northeast operations

Marc Fried will be VP responsible for maintenance and full-service lease operations in the Northeast.

Transervice Logistics has named Marc Fried its vice president of Northeast operations. In this new role, Fried will have responsibility for maintenance and full-service lease operations in the Northeast territory including The New York Times, Verizon, Bimbo, DHL Express, Wakefern, Feldman, WB Meyer, and Dennison Lubricants.

Fried was most recently director of operations for American Expediting Company, a healthcare logistics and medical courier. Prior to that he was regional operations director for modular space solutions company, WillScot, and director of operations for Ryder Systems.

How Decker Truck Line leverages technology to improve operating efficiency

Company ownership remains under the Decker family lineage with Dale Decker’s grandson, Donald, serving as chairman of the board and Donald’s son Dale enlisted as CEO.

Decker-Truck-Line---Mt.-Rainier,-WA-1400
Rockview Farms deploys Volvo LIGHTS project’s final two VNR Electric trucks 

Volvo Trucks deployed its first Class 8 Volvo VNR Electric trucks to fleet operators in 2019.

Economic downturn could be less severe according to latest data

Data from ACT Research reports the potential for limited interest rate increases.

finance-generic
Leasing and Finance Index new business volume for November up y/y

Volume was down 24% from $11.3 billion in October. Year-to-date, cumulative new business volume was up 6% compared to 2021.

Equipment-Leasing-and-Finance-Association’s-survey-of-economic-activity-1400

Other Posts

December Class 8 intake caps off a robust final four months

At 30,300 units, December Class 8 orders show a positive progression moving into the new year.

Penske-Truck-Leasing-Freightliner
A new standard for diesel power is set in California

In 2021, California was the sixth fastest growing state for registrations of these new technology trucks, adding nearly 30,000 new units since 2020.

dtf-logo-1400
Peterbilt of Atlanta announces eighth location

The new location will allow Peterbilt of Atlanta to better serve its customers along the Interstate 16 corridor in Georgia.

Used Class 8 retail sales dropped 19% in November

Longer term, average price and miles were higher y/y, with age up 7% y/y.

Onfleet_6_generic