Bloomington, IN - Shipper conditions for October held steady in a reasonably favorable climate reflected in an unchanged SCI reading for the month of 6.4. All index inputs were positive except for fuel, which was only slightly negative. However, the global reduction in the sulfur content of marine fuel – IMO 2020 – could increasingly impact future fuel costs.
FTR projects the SCI to shift slightly lower, but still positive, at the start of 2020 as carriers’ capacity utilization begins to firm.