Freight Transportation Services Index hits all-time high
The Freight Transportation Services Index (TSI), which is based on the amount of freight carried by the for-hire transportation industry, rose 0.2 percent in August from July, rising for the second consecutive month, according to figures released on Oct. 22 by the U.S. Department of Transportation’s Bureau of Transportation Statistics’ (BTS). The August 2015 index level (123.5) was 30.4 percent above the April 2009 low during the most recent recession
The level of freight shipments in August measured by the Freight TSI (123.5) was at an all-time high, exceeding the previous high of 123.4 in November 2014. BTS’ TSI records begin in 2000.
The Freight TSI measures the month-to-month changes in freight shipments by mode of transportation in tons and ton-miles, which are 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 Freight TSI increase was narrower in terms of modes than it often has been; trucking and rail intermodal showed significant gains, while rail carload, aviation freight, and pipeline decreased, and waterborne was stable. Similarly the increase occurred against a background of mixed indicators for the general economy – employment, personal income, and housing starts all increased, while the Federal Reserve Board Industrial Production index fell.
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