Shippers Conditions Index (SCI) for August, as reported in the October Shippers Update, continued to gradually improve to the best reading since September 2020 at -6.8, slightly better than the -8.1 July index.
A minor loosening of capacity utilization and marginally lower fuel costs contributed to the improvement in the August SCI measure. Market conditions for shippers are technically getting better, but the relief is so incremental as to be of little value.
VP of Rail & Intermodal
Todd Tranausky commented, “Conditions in August continued to head in the right direction, though not enough to provide relief for shippers. This is, however, as good as it will get for 2021. Shippers conditions are likely to degrade as the year wears on and demands for holiday shipping ramp up. Fuel, in particular, is expected to be a significant headwind as prices have increased dramatically heading into the winter season.”
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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.