Load availability shot up 34 percent on the spot market in the week ending June 13, according to weekly spot market data provided by Truckstop.com. The jump in freight volume, coupled with a Roadcheck-caused decline in truck availability, drove Truckstop.com’s weekly Market Demand Index to its highest reading of the year, signaling a strong swing in spot market favor ability toward owner-operators.
Rates also followed suit, jumping 1.5 percent from the week prior across the board, according to Truckstop.com data.
Though load availability and rates were down from the same week in 2015, the overall MDI — a cross measurement of load availability and truck availability — was up 5 percent from the same week last year. This is the first time in 2016 that the MDI has seen such a year over year gain.
The top 5 states on Truckstop.com’s Load Availability Index were:
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