Total MDI: Up 2.3 points from the previous week
The MDI is a measure of relative truck demand in the spot market. It compares load availability to truck availability.
The MDI for total equipment increased 2.3 points in the latest week to 26.9, an increase of 9.4%. Compared to last year the MDI is up 14.5 points, or 116.2%. Over the last four weeks it has averaged an increase of 0.0 points. According to the Market Outlook from FTR we should expect to see it average an increase of 0.7 points over the next four weeks.
Total Rates: Up 1.1% from the previous week
Total equipment rates posted on Truckstop.com increased 1.1% in the latest week to $2.09. Compared to last year Rates are up 11.4%. According to the Market Outlook from FTR we should expect to see rates average a gain of 0.7% per week over the next four weeks.
Load Availability: Increased 5.6% from the previous week
Load Availability for total equipment on Truckstop.com increased 5.6 % in the latest week to an index value of 115.1. Compared to last year availability is up 61.5%. Over the last four weeks availability has averaged an increase of 0.25%.
For more information on the Trans4Cast, please contact:
Director of Research, Truckstop.com
RoxanneBullard@Truckstop.com | 800-203-2540 ext. 6230