New Report Highlights Just How Favorable Conditions Really Are For Shippers
Bloomington, IN – Operating conditions for shippers improved in June reaching a level of favorability not seen in more than three years, according to a new report by trucking market analyst FTR Intelligence.
FTR’s Shippers Conditions Index (SCI) rose to a positive reading of 8.8 in June which was up two points from the updated May measure.
FTR said the June SCI reading is the strongest since February 2016.
According to the report, FTR analysts described freight-related indicators as “mixed.”
The latest data reveals manufacturing is growing very slowly, and construction is even weaker.
However, consumer spending remains strong, according to FTR’s analysis.
Truckload rates are about 7.5% below 2019 with spot rates down nearly 18% whereas less-than-load rates have been higher this year.
FTR expects both to decline in 2020.
Intermodal rates continue to be soft with rail expecting 5% growth in 2019.
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