November another positive month for the freight service index

| Thursday, January 15, 2015

The Freight Transportation Service Index for November increased by 0.8 percent from October to 123.2. September’s increase marks the fifth consecutive month of a rise in the index, making the 123.2 index an all-time high, according to the U.S. Department of Transportation’s Bureau of Transportation Statistics.

Trucking, air freight, pipeline and waterborne modes were the main contributors to November’s growth. Increases in employment, retail sales, manufacturing and industrial production, and an all-time high in inventories were economic factors affecting positive change for transportation. TSI has gone up 30.2 percent since April 2009, when the index was at a historic low of 94.6.

Freight shipments are up 3.5 percent from last November, 21.8 percent from five years ago, and 10.1 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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