Shippers experiencing mostly ‘favorable and stable’ conditions

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Circumstances had been little modified for shippers in February, with an surroundings that was principally favorable and secure.

Trade analyst FTR’s Shippers Circumstances Index fell barely on the month, to five.1 from a 5.4 studying in January. Barely decrease gasoline prices and comparatively weak freight demand offset stronger charges and utilization for the month, FTR reported.

It anticipates market situations will stay “modestly favorable” for shippers via the 12 months, with gradual weakening subsequent 12 months.

“A comparatively secure, barely favorable outlook for shippers is unlikely to be moved over the subsequent few months,” mentioned Todd Tranausky, FTR’s vice-president of rail and intermodal. “However shippers must fastidiously look ahead to indicators the market will change as that would happen rapidly. Shippers additionally must carefully watch the underlying financial system for indicators of change that would alter the financial calculus between shippers and their transportation suppliers.”

SCI chart

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