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Shippers Condition Index Remains Low in February

Posted by Genie Wood on Wed, Mar 16, 2011 @ 04:07 AM

 



FTR Associates' Shippers Condition Index remained at the low value of -5.2 in February.



 



According to the March Issue of FTR's Shippers Update, the company expects the index to fall further as the outlook for capacity shortages worsens in the seasonally strong spring months. The Shippers Condition Index examines all market influences that will affect shippers.



 



A reading above zero on the index suggest a favorable shipping environment. The Shippers Condition Index in January stood at -8.8, improving to -5.2 in February.



 



FTR Senior Consultant Noel Perry said February's weak showing was the effect of normal seasonal weakness in freight. "Shippers should not be heartened by the upward movement in the index this month," Perry said. "The March number will drop sharply as the spring surge in freight arrives."



 



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