|Breaking a long-term decline, in a significant reversal the FTR Associates’ Shippers’ Condition Index (SCI) as reported in the firm’s June Shippers Update improved to a reading of -5.4 from -11.4 the prior month. |
The healthier environment for shippers is due to a slowdown in freight demand growth, thanks to the current lull in economic activity as well as further delays announced in the implementation of new federal trucking regulations. The SCI sums up all market influences that affect shippers; a reading above zero suggests a favorable shipping environment, while a reading below zero is unfavorable. Read more!