Shippers Conditions Index (SCI) for May, as reported in the July Shippers Update, improved marginally to -11.3. However, freight rates impact on shippers’ conditions were the most negative in the history of the index. Only a strong improvement in trucking capacity utilization during the month helped offset this grueling rate environment. Fuel costs also swung from a small positive in April to a small negative in May. Overall, the market has not changed for shippers, and remains extremely challenging.
VP of Rail & Intermodal
Todd Tranausky commented, “It remains a period of tough sledding for shippers as utilization and rates will remain difficult factors to offset in the near term. The fall peak season will add increasing pressure to supply chains and could create additional negative pressure in the index over that period.”
Now, with an expanded view of each mode of ground transportation, a full-page devoted to the freight and rate forecasts for trucking, rail, and intermodal, clearer and more concise economic coverage, and so much more to level the playing field in your conversations with your brokers and carriers.
Looking for ways to keep your transportation spend in line during another tough year? We focus on forecasts and analysis, so you can focus on executing your strategy.
Please feel encouraged to reach out if you have questions. I'd be happy to provide additional information or assist in any way I can. "
Derek Young Business Development Manager, FTR | Transportation Intelligence
Derek is the Business Development Manager at FTR and is a great resource for anyone interested in learning about FTR products and service. Contact Derek to learn more about how FTR can support your business needs.