This measurement is useful in helping you decide when is the right time to go short or long in your contract negotiations with customers.
What it is:
This is a key metric that indicates where FTR sees the overall rate environment heading. Because there is a wide variation in actual rates [based on commodity, direction, length of haul, and spot vs contract], this is a composite figure. It tells you whether rates will be generally rising or falling for the industry in the months to come.
What it’s for:
This measurement is useful in helping you decide when is the right time to secure more or less capacity in the contract market.