The Shippers Conditions Index (SCI)improved in July into a positive range for the first time since September 2020 at a plus 4.5 reading from the -4.0 in June. The marked gain in shippers’ conditions during July was primarily due to the loosening of capacity utilization and sharply lower diesel prices.
The outlook is generally for shippers’ market conditions to be weaker than they were in July but better than they have been during most of the pandemic.
Todd Tranausky
VP of Rail & Intermodal
Todd Tranausky commented, “Sharply lower diesel prices helped push the Shippers Conditions Index into positive territory, but there are unlikely to be similar sharp diesel drops in coming months. Additional positive momentum in the SCI will be driven by more capacity becoming available.“
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