Freight index increases in October
October’s Freight Transportation Services Index increased 0.2 percent from its September level, rising for the second consecutive month, the U.S. Department of Transportation’s Bureau of Transportation Statistics said Dec. 8.
BTS reported the Freight TSI has risen 5.7 percent over the last 17 months, after declining 15.3 percent in the previous 10 months. The index has increased in 13 of the past 17 months. Through the first 10 months of 2010, however, the index declined 0.7 percent.
The Freight TSI measures 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 October Freight TSI of 98.9 is a 5.7 percent increase from the recent low of 93.5 in May 2009. The October Freight TSI is down 12.4 percent from its peak of 112.9 in May 2006.