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Monday, August 15, 2022

Freight Transportation Services Index Up.

 

 

The Freight Transportation Services Index, which measures the amount of freight carried by the for-hire transportation industry, again reached an all-time monthly high in September, 0.2 percent higher than the previous highest level reached one month earlier in August, according to the U.S. Department of Transportation’s Bureau of Transportation Statistics. The September 2017 index level of 129.2 was 36.3 percent above the April 2009 low during the most recent recession.

The Freight TSI reached an all-time high for the third consecutive month. The 6.7 percent gain over September 2016 was the largest year-over-year rise since December 2010.

Significant increases in trucking and pipeline led the September increase of 0.2 percent while other modes declined.

For-hire freight shipments are up 15.4 percent in the five years from September 2012 and are up 18.1 percent in the 10 years from September 2007.