DOT freight index up in June
The U.S. Department of Transportation’s freight transportation services index increased 4.1 percent in June from a year earlier, the fourth straight year-over-year gain.
The freight TSI, which rose 0.2 percent from May, has fallen 11.8 percent in five years since June 2005.
The index is 13.3 percent below its peak of 112.9 set in May 2006, and up 4.7 percent from the recent low of 93.5, set in May 2009.
The TSI is a seasonally adjusted monthly index measuring the output of services provided by the for-hire transportation industries, including railroad, air, truck and inland waterways.