‘Shippers Conditions’ remain negative with peak shipping season ahead
Market conditions for shippers remained negative in July, according to FTR’s monthly Shippers Conditions Index, with tight capacity and soaring rates hampering the sector over the past year. However, says FTR, the index could moderate slightly over the next year. However, the outlook for shippers remains bleak, says Todd Tranausky, vice president of rail and intermodal at FTR.
“Stabilization in rail service levels and some easing in the trucking market led to a steady SCI this month,” he says. “But conditions have not shown any sign of improvement for shippers as they head toward peak season and a potential end-of-year rush before new tariffs take effect on January 1. While things are stable, the SCI indicates that things remain far from ideal for shippers.”
Original article provided by: https://www.ccjdigital.com/shippers-conditions-remain-negative-with-peak-shipping-season-ahead/