Connect with us

Heavy-duty

FTR’s latest Shippers Conditions Index reflects tough conditions for shippers

Advertisement

Jason Morgan is the content director of Fleet Equipment. He has more than 15 years of B2B journalism experience covering the likes of trucking and construction equipment, real estate, movies and craft beer industries.

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 drop in the SCI for the month. FTR’s latest freight volume outlook is slightly weaker at 6.3% growth year-over-year in 2021, down from the previous +6.9% projection.

Click Here to Read More
Advertisement

“The capacity situation is expected to remain tight into 2022,” said Todd Tranausky, vice president of rail and intermodal at FTR. “While rate increases are expected to moderate their rates of growth through the next several months, they will for, the most part, remain in positive territory meaning shippers’ rate relief might feel good, but it is a matter of degrees as rates will still be going up year over year.”

Advertisement

POPULAR POSTS

Sponsored Content

Why You Shouldn’t Forget about Fuel Filters

Durafit-dpf-benefits Durafit-dpf-benefits

Sponsored Content

Durafit DPF features and benefits

Connect
Fleet Equipment Magazine