Trade forecaster FTR says its Shippers Circumstances Index (SCI) fell in Might to a -6.2 studying, due to rising gas costs in Might coupled with tight capability utilization.
These elements offset some charge aid loved by shippers. FTR says its outlook for the index displays little change as utilization and charges are more likely to stay “mildly unfavorable” for shippers.
“There may be a whole lot of uncertainty within the weeks and months forward as congestion stays a entrance burner concern for anybody transferring freight via the port and rail provide chain,” stated Todd Tranausky, FTR’s vice-president – rail and intermodal. “There is no such thing as a simple resolution to the congestion woes dealing with the ports and rail carriers, and it’s unlikely to enhance meaningfully earlier than the height season ramps up.”