|
Freight index rose in August from July
By eTrucker Staff
The Freight Transportation Services Index rose 0.7 percent in August from its July level, the second consecutive monthly increase, the U.S. Department of Transportation’s Bureau of Transportation Statistics reported today, Oct. 15.
BTS reported the Freight TSI has gone four consecutive months without a decline after dropping in 9 of the previous 12 months. For additional historical data, go to .
The Freight TSI measures the month-to-month changes in freight shipments in ton-miles, which are then combined into one index. The index measures the output of the for-hire freight transportation industry and consists of data from for-hire trucking, rail, inland waterways, pipelines and air freight.
The August Freight TSI of 96.2 is 2.7 percent higher than the recent low of 93.6 in April. In April, the index was at its lowest level since June 1997. The Freight TSI is down 14.8 percent from its historic peak of 112.9 in May 2006.
|
|
