Index of truck demand rises
Internet Truckstop, based in New Plymouth, Idaho, announced that the company’s real-time Market Demand Index exceeded 7. It is the first time since July 2008 that the index rose above 7.
The MDI measures relative truck demand, meaning it gauges how much demand there is for the available trucks in the market. When the MDI is below 7, the shipper or freight broker has an advantage with price leverage. When the index exceeds 7, the motor carrier typically has the advantage in price leverage.