Photo: FTR Intel
Fleetowner 38284 052819 Ftr Pubchart
Fleetowner 38284 052819 Ftr Pubchart
Fleetowner 38284 052819 Ftr Pubchart
Fleetowner 38284 052819 Ftr Pubchart
Fleetowner 38284 052819 Ftr Pubchart

FTR’s Shippers Conditions Index for March shows positive momentum

May 28, 2019
The outlook is for improved shipper conditions through 2019. 

FTR’s March Shippers Conditions Index (SCI) rose two full points from February to a reading of 2.8 reflecting a continued easing of truckload and intermodal rates.  The outlook is for improved shipper conditions through 2019.  However, some key areas to watch are fuel price increases and capacity utilization in trucking which can result in added costs for shippers.

“Shippers are benefiting from relatively stable fuel prices and weaker trucking capacity utilization than they experienced in 2018,” Todd Tranausky, vice president of rail and intermodal at FTR, commented. “But both of those metrics are expected to tighten up as the year progresses. Diesel prices could move up in the fourth quarter ahead of the IMO 2020 fuel mandate, which could pressure fuel surcharges higher late in 2019.”
 
The May issue of FTR’s Shippers Update, published May 8, 2019, details the factors affecting the March Shippers Conditions Index. Also included is data and analysis on load volumes, the capacity environment, rates, costs, and the truck driver situation.
 
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.

About the Author

Fleet Owner Staff

Our Editorial Team

Kevin Jones, Editorial Director, Commercial Vehicle Group

Cristina Commendatore, Executive Editor

Scott Achelpohl, Managing Editor 

Josh Fisher, Senior Editor

Catharine Conway, Digital Editor

Eric Van Egeren, Art Director

Sponsored Recommendations

Tackling the Tech Shortage: Lessons in Recruiting Talent and Reducing Turnover

Discover innovative strategies for recruiting and retaining tech talent in the trucking industry at our April 16th webinar, where experts will share insights on competitive pay...

Stop Sweating Temperature Excursions

Advanced chemical indicators give you the peace of mind that comes from reliable insights into your supply chains. Compromised shipments can be identified the moment they arrive...

Stop Sweating Temperature Excursions

Advanced chemical indicators give you the peace of mind that comes from reliable insights into your supply chains. Compromised shipments can be identified the moment they arrive...

How Electric Vehicles Help You Prolong the Life of Your Fleet

Before adopting electric vehicles for commercial/government fleets, prioritize cost inquiries. Maintenance is essential; understand the upkeep of EV fleets. Here’s what you need...

Voice your opinion!

To join the conversation, and become an exclusive member of FleetOwner, create an account today!