Shippers Conditions Index (SCI) for February, as reported in the April Shippers Update, fell two points from January to -11.8, its lowest point during the pandemic. Shipping conditions weakened in February severely impacted by tight capacity and high rates. The expected stabilization in fuel costs could help mitigate the pain somewhat with the SCI measure forecast to move upward to a more modest negative range by summer.
The April issue of FTR’s Shippers Update provides a detailed analysis of the factors affecting the February Shippers Conditions Index and provides the forecast for this index through February of 2022. Additional analysis discusses why government data on historically lean retail inventories can be misleading unless you dig deeper.
VP of Rail & Intermodal
Todd Tranausky commented, “Widespread weather-related disruptions in February weakened the conditions in the marketplace for shippers as capacity tightened and rates increased. Going forward, catch up freight volumes from disrupted businesses are likely to keep capacity tight in the coming weeks and months. As things normalize, the market will improve slightly as time goes on.”
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.