Total MDI: Down 1.6 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 decreased 1.6 points in the latest week to 29.9, a decrease of 5.0%. Compared to last year, the MDI is up 17.1 points, or 133.8%. Over the last 4 weeks, it has averaged a decrease of 1.4 points. According to the Market Outlook from FTR we should expect to see it average an increase of 0.6 points over the next four weeks.
Total Rates: Down 0.7% from the previous week
Total equipment Rates posted on Truckstop.com decreased 0.7% in the latest week to $2.19. Compared to last year, Rates are up 16.9%. According to the Market Outlook from FTR, we should expect to see Rates average a decline of 0.1% per week over the next four weeks.
Load Availability: Decreased 3.8% from the previous week
Load Availability for Total equipment on Truckstop.com decreased 3.8 % in the latest week to an index value of 118.8. Compared to last year, Availability is up 73.1%. Over the last 4 weeks, Availability has averaged a decrease of 0.61%.
For more information on the Trans4Cast, please contact:
Director of Research, Truckstop.com
RoxanneBullard@Truckstop.com | 800-203-2540 ext. 6230