The LoDI Index
National LoDI Index
Greater Louisville LoDI Index
The National LoDI Index for June 2017 has held firm at a value of 57. Though air traffic volumes have seen a slight decrease for recent months, other transit levels have remained stable. This has allowed the index value to remain steady as well. This value for June 2017 carries on the highest index value in the year of 2017. It is also the highest value seen for the month of June in recent years.
The Louisville LoDI Index for June 2017 is 62, showing an increase from the May index value. Most modes of transit have maintained steady volumes in recent months. The increasing railway traffic and stable oil prices in Kentucky have pushed the index value in an upward trajectory. This index value is one of the highest values for this year, and is also the highest value seen for the month of June in recent years.
The LoDI Index was developed at the Logistics and Distribution Institute (LoDI) at the University of Louisville and launched in early 2012. The index comes in two varieties; one specific to the Greater Louisville area, and another pertaining to the United States as a whole. Each index has the same purpose for its target area; to predict the level of logistics and distribution activity for the upcoming month. As a predictive indicator, the LoDI index can help organizations related to the field of logistics and distribution in making educated decisions related to projects, expenditures, and other associated activities, ahead of the curve.
The index utilizes regression analysis forecasting techniques. Multiple factors relating to the field are incorporated into the index’s calculations. Data includes factors relating to four main methods of transit: air, trucking, railway, and barge; as well as other economic factors. The indices are reported as a number between 1 and 100. The higher the index value, the higher the level of predicted activity. An index of 50 represents a level of activity equivalent to the established base year levels.
Future research is planned to incorporate additional indices related to the field of logistics and distribution into the LoDI Index family. Updates to the original Greater Louisville index have recently be completed in an effort to maintain as much predictive power as possible. Stay tuned for our upcoming work!