The ITS Market Demand Index (MDI) increased 9% to 17.22 from 15.86 the previous week. Load availability increased 5% compared to the previous week while Load Searching decreased. We saw truck availability decrease while truck searching increased. The overall average equipment rate increased 1%.
Fuel prices continue to decrease it it did 2% this go around.
The MDI increase this week was driven nearly equally by a rise in available loads and a decline in truck capacity. Truck capacity is now underperforming relative to seasonality. Although the MDI may fluctuate for a week or two, expect a declining trend to hold for the next few months. To see a full report of the Trans4Cast please visit: www.trans4cast.com