FTR
Ftr Shippers Conditions May

FTR: Shipper environment ‘moderately favorable’ in May

Aug. 1, 2023
“The Shippers Conditions Index rose in May as it became more obvious that there would be abundant capacity available in the system for longer during 2023,” industry analyst reports.

FTR Intel’s Shippers Conditions Index (SCI) rose in May to 8.6 from a 7.1 reading in April, indicating a “moderately favorable” environment for shippers due to lower fuel costs and freight rates, along with “slightly weaker” freight volumes.

The outlook is positive through mid-2024, FTR reported.

“The Shippers Conditions Index rose in May as it became more obvious that there would be abundant capacity available in the system for longer during 2023,” Todd Tranausky, FTR vice president of rail and intermodal, said in a news release. “While there are signs that capacity may be as loose as it is going to get, economic uncertainty could keep some shippers on the sidelines as they weigh their own inventory situation.”

The July issue of FTR’s Shippers Update provides a detailed analysis of the factors affecting the May Shippers Conditions Index, and the forecast for this index through May of 2024. The July edition explores whether recent strength in the automotive and housing markets could buffer anticipated declines in consumption.

The Shippers Conditions Index tracks the changes representing four major conditions in the U.S. full-load freight market: 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. 

Sponsored Recommendations

Heavy-Duty Maintenance Checklist

A maintenance checklist can help ensure you hit everything necessary during an inspection. Check out our free downloadable checklist to help streamline your repairs.

Five Ways a Little Data Can Save Your Company Millions

While most trucking and logistics companies rely on cellular to keep their work fleet connected, satellite has the ability to connect anywhere and through small data transmission...

Fleet Case Study: 15% YOY Growth for ITDS

Learn how this small trucking company scaled significantly and maintained outstanding customer service without adding additional people. Sylectus TMS can automate operations and...

Unlocking Fleet Safety & Efficiency: The Managed Service Advantage

Want to boost your fleet's safety and efficiency? Tune in now to discover the power of Managed Services in optimizing your safety program, streamlining operations, and making ...

Voice your opinion!

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