With a slight decrease in the Market Demand Index, the industry is still looking promising.
There was a 5% decrease in the ITS Market Demand Index (MDI) last week. Numbers are moving up for load availability/ searching and truck availability/searching.
The overall average equipment rate decreased with specialized truck rates being the only equipment type to increase.
We are seeing an increase in the fuel prices from last week. The lowest average cost of fuel is $3.53 and the highest is $3.88.
“The week-over-week increase in loads is a misleading artifact of the mid-week holiday during the previous week. Current loads are lower compared to volumes in June of both 2012 and 2011. With consumer confidence declining, look to this Tuesday’s upcoming Industrial Production for June as a key metric for the outlook for trucking.” Jeremy West, Internet Truckstop Economist
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