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Shippers Conditions Index Improves in August Due to Fuel, Softer Freight Rates

November 04, 2024, 06:00 AM
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Topic: Industry News

FTR’s Shippers Conditions Index rose in August to 2.9 from the 0.5 reading in July due to falling fuel costs and weaker freight rates. Factors that tend to have a more indirect impact on shippers – freight volume and capacity utilization – were nearly neutral contributors during the month.

“A shipper-friendly market is hanging on, and we see few clear signs that the situation will change much soon. Our outlook is for a more neutral environment in 2025, but we do not see much on the horizon that will make for more than just a marginally unfavorable market for shippers overall," said Avery Vise, FTR’s vice president of trucking.

The FTR Shippers Conditions Index represents four major conditions in the U.S. full-load freight market. THe metrics are combined into a single index that tracks the market conditions that influence a shipper's freight transportation environment.

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