Freight index up in September
The Freight Transportation Services Index for September rose 1.0 percent from August and 2.1 percent from September 2009, the U.S. Department of Transportation’s Bureau of Transportation Statistics reported Nov. 10.
The index has risen year-over-year for every month this year. BTS reported the Freight TSI has risen 5.5 percent over the last 16 months through September, after declining 15.3 percent in the previous 10 months beginning in August 2008.
The September Freight TSI of 98.7 is 5.5 percent higher than the recent low of 93.5 reached in May 2009. The September Freight TSI is down 12.6 percent from its peak of 112.9 in May 2006.
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.