Trans4Cast Week 33: Total Rates up 18.4% over 2017
August 29, 2017
Total MDI: Up 0.2 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 0.2 points in the latest week to 29.2, an increase of 0.5%. Compared to last year the MDI is up 17.2 points, or 143.6%. Over the last 4 weeks it has averaged a decrease of 0.6 points. According to the Market Outlook from FTR we should expect to see it average a decrease of 7.3 points over the next four weeks.
Total Rates: Up 0.3% from the previous week
Total equipment Rates posted on Truckstop.com increased 0.3% in the latest week to $2.19. Compared to last year Rates are up 18.4%. According to the Market Outlook from FTR we should expect to see Rates average a decline of 25.0% per week over the next four weeks.
Load Availability: Decreased 0.8% from the previous week
Load Availability for Total equipment on Truckstop.com decreased 0.8% in the latest week to an index value of 109.9. Compared to last year Availability is up 69.9%. Over the last 4 weeks Availability has averaged a decrease of 1.93%.
For more information on the Trans4Cast, please contact:
Director of Research, Truckstop.com
RoxanneBullard@Truckstop.com | 800-203-2540 ext. 6230