Bureau Releases Freight Transportation Services Index, Shows Slight Increase
Monday September 20, 2010
The Freight Transportation Services Index (TSI) rose 0.4 percent in July from its June level, rising for the second consecutive month, the U.S. Department of Transportation’s Bureau of Transportation Statistics (BTS) reported.
BTS reported that the Freight TSI has risen 5.0 percent over the last 14 months, starting in June 2009, after declining 15.3 percent in the previous 10 months beginning in August 2008. The index has increased in 11 of the last 14 months. Through the first seven months of 2010, the index declined 1.3 percent.
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 July Freight TSI of 98.2 is a 5.0 percent increase from the recent low of 93.5 reached in May 2009. In May 2009, the index was at its lowest level since June 1997. The July Freight TSI is down 13.0 percent from its historic peak of 112.9 reached in May 2006.