LOUISVILLE, Ky. (Jan. 31, 2013) — The logistics and distribution (LoDI) index for February is 62, a significant increase over January, which was 52.
Developed by the Logistics and Distribution Institute at the University of Louisville, the LoDI index is economic activity forecasting index that gauges the logistics and distribution activity in the Greater Louisville region for the coming month.
“Although an increase should be expected because of the natural contraction that occurs in the logistics and distribution sector in the month immediately after the holiday season, the fact that logistics and distribution activity is expected to be near the pre-holiday levels is encouraging for our local economy,” the index developers said.
The LoDi index was first launched in March 2012 with a value of 58. A value greater than 50 indicates a healthy level of logistics and distribution activity in the metropolitan Louisville areas.
For the past 12 months, there have been eight periods for which the index was above 60.
“For three of the remaining four (months), it was near 60,” the developers said. “This trend also bodes well for our region.”
Beginning in late February, UofL’s Logistics and Distribution Institute will begin releasing a national level LoDI index that is intended to gauge the health of the U.S. logistics and distribution industry.
Learn more here.