First drop in freight service index in five months

| Wednesday, February 11, 2015

The Freight Transportation Service Index for December decreased by 0.1 percent from November to 123.8. December marks the first decrease after five months of increases, falling just short of the all-time high of 123.9 in November, according to the U.S. Department of Transportation’s Bureau of Transportation Statistics.

Trucking, rail carloads and waterborne were the only modes to experience some growth in December. Although employment was up in December, inventory numbers were down, which directly affects freight. TSI has gone up 30.9 percent since April 2009, when the index was at a historic low of 94.6.

Freight shipments are up 4.2 percent from December 2013, 21.8 percent from five years ago, and 11.4 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