Market Condition Index (MCI)
In the logistics industry, MCI (Market Capacity Index) refers to a metric used to gauge the availability of transportation capacity in the market. It provides insights into the balance between freight demand and the number of carriers or trucks available to meet that demand. MCI helps stakeholders, such as carriers and shippers, understand current market dynamics, such as whether the market is experiencing a surplus or shortage of capacity. This information is crucial for planning and decision-making, enabling efficient resource allocation, optimizing operations, and ensuring supply chain reliability.