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FTR’s Shippers Conditions Index for April in Soft Negative Range Despite Tightening Capacity

FTR’s Shippers Conditions Index (SCI) for April, as detailed in the June issue of the Shippers Update, fell from the previous month to a reading of -3.6.  The modest deterioration of this index, leaving it in a soft negative range in spite of tightening capacity utilization, reflects the ability of shippers to so far fend off any pricing increases from their contract carriers.   Currently, FTR is forecasting the index to fall a little more through the year as capacity tightens further from an expected consumer bounce back after an anemic Q1.  However, it is not expected to fall into double digit negative range at any time during the forecasted period.

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