The Freight Transportation Service Index for September increased by 0.3 percent from August to 121.5. September’s increase marks the third consecutive month of a rise in the index, making the 121.5 index an all-time high, according to the U.S. Department of Transportation’s Bureau of Transportation Statistics.
With the exception of unchanged rail carloads numbers, all freight modes grew in September. The 2.3 percent third quarter increase is the highest growth since the fourth quarter of 2011 and is the only quarter this year to rise. TSI has gone up 28.5 percent since April 2009, when the index was at 94.6.
Freight shipments are up 4.2 percent from last September, 22.4 percent from five years ago, and 10.0 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.
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