Shippers Conditions Index Rises to 3.0 in November

January 25, 2023

The Shippers Conditions Index (SCI) improved in November to 3.0 from the previous -0.3 reading. A more favorable freight environment and lower fuel costs boosted the index into positive territory after two months in the negative range.

The fuel cost component remained slightly negative but improved sharply m/m while rates were the most favorable for shippers since June 2020. The outlook is solidly positive for shippers into 2024.

Todd Tranausky commented, “The outlook has improved overall for shippers, but it will depend on exactly what mode and lane they operate in, as to how much improvement they will feel in their business. Truck-focused shippers are likely to experience the largest improvements relative to rail and intermodal shippers.”