For-hire freight as measured by the U.S. Department of Transportation’s index rose 2.6 percent in June from May and 4.1 percent from a year earlier.
The increase in the Freight Transportation Services Index came after two monthly declines. The 2.6 percent May-to-June increase was the biggest month-to-month rise since November 2009, the Bureau of Transportation Statistics said.
The Freight TSI measures the month-to-month changes in freight shipments in ton-miles, which are then combined into one index.
For the first six months of the year, freight shipments measured by the index were up 1.3 percent.
FMCSA announced March 31 it has issued an imminent hazard out-of-service ...