Inclement weather in February had negative impact on freight

| 4/9/2015

The Freight Transportation Service Index for February decreased by 1.7 percent from January to 120.4. February marks the third consecutive month of decreases, according to the U.S. Department of Transportation’s Bureau of Transportation Statistics.

Rail carloads and rail intermodal both had large declines, while trucking and water experienced smaller drops leading to the net decline. Pipeline was the only transport mode with increased freight for February. Extreme inclement weather is partly responsible for the descent in transportation activity.

TSI has gone up 27.3 percent since April 2009, when the index was at a historic low of 94.6. Trucking freight received its second consecutive decline in the index. In January, trucking freight declined for the first time since June 2014.

Freight shipments are down 1.7 percent from February 2014, up 14.5 percent from five years ago, and increased by 6.5 percent from 10 years ago.

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.

Copyright © OOIDA