The LoDI Index
National LoDI Index
Greater Louisville LoDI Index
The National LoDI Index for February 2018 is 59. This value shows no change from the index value for January 2018. All traffic volumes have remained steady in recent months. The increase in the price of crude oil has not yet shown a significant effect on the index value. The value for February 2018 the highest value seen for the month of February in recent years.
The Louisville LoDI Index for February 2018 is 64, showing a moderate decrease from January’s index value. The increase in crude oil prices for the Greater Louisville area and diminished river traffic volumes have brought about this reduction. Other traffic volumes in the area have seen only minor fluctuations in recent months. This index value is still the highest value for the month of February 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!