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FTR’s November Shippers Conditions Index for November Moves into Positive Territory

01.24.19 | FTR

 
Continued softening in rates and lowering fuel prices contributed to FTR’s Shippers Condition Index (SCI) for November moving from negative territory to a positive reading of 0.1. This is the first positive reading for the index in more than two years and is the best since August of 2016. FTR expects the SCI to stay within a range close to neutral throughout 2019. However, the measure could move into even more positive territory if freight demand weakens further alongside strong truck buying and improved driver hiring pushing freight rates lower.

Click here to view the latest release and an interactive graph of the SCI>


 
Todd Tranausky, vice president of rail and intermodal at FTR, commented, “Conditions have improved noticeably for shippers in the last few months. The prospect of sustained lower fuel prices, increasing capacity in the truck and rail sectors, and the first signs of a turn in rail service raise the prospect of a much better 2019 than shippers expected during much of 2018.”
 
The Shippers Conditions Index tracks the changes representing four major conditions in the U.S. full-load freight market. These conditions are: freight demand, freight rates, fleet capacity, and fuel price. The individual metrics are combined into a single index that tracks the market conditions that influence the shippers’ freight transport environment. A positive score represents good, optimistic conditions. A negative score represents bad, pessimistic conditions. The index tells you the industry’s health at a glance. In life, running a fever is an indication of a health problem. It may not tell you exactly what’s wrong, but it alerts you to look deeper. Similarly, a reading well below zero on the FTR Trucking Conditions Index warns you of a problem...and readings high above zero spell opportunity. Readings near zero are consistent with a neutral operating environment. Double digit readings (both up or down) are warning signs for significant operating changes.
 

The January issue of FTR’s Shippers Update, published January 9, 2019, details the factors affecting the November Shippers Conditions Index.  Also included is a review of new orders to analyze the future durability of the manufacturing sector.

For more information about how to subscribe to the Shippers Update, send an e-mail to hlile@ftrintel.com or call Helen Lile at (888) 988-1699 ext. 1 and follow us on Twitter @FTRintel.


The Shippers Update, launched by FTR during 2010 as a part of the firm’s Freight Focus, looks at conditions that will affect the cost and efficiency of shipping goods via all transportation modes. North American shippers will find in one reference the essential information they need on freight volumes, equipment capacity and transport costs and rates.

The Shippers Update has both history and forecasts for four modal options: truckload, less-than-truckload, intermodal and rail carload. The analysis includes the breakdown of total truck and rail volumes into major commodity segments. It also provides historical snapshots of inland water and air freight markets. The freight data is augmented by an abundant collection of supporting data covering macro-economics and the fuel market.
 
Click here to view a sample report >

About FTR
For more than two decades, FTR has been the thought leader in freight transportation forecasting in North America. The company’s national award-winning forecasters collect and analyze all data likely to impact freight movement, issuing consistently reliable reports for trucking, rail, and intermodal transportation, as well as providing demand analysis for commercial vehicle and railcar. FTR’s forecasting and specially designed reports have resulted in advanced planning and cost-savings for companies throughout the transportation sector.