The Freight Transportation Service Index for January decreased by 0.2 percent from December to 122.9. January marks the second consecutive month of decreases, according to the U.S. Department of Transportation’s Bureau of Transportation Statistics.
Rail carloads, rail intermodal and pipeline were the only modes to experience some growth in January. Production, orders and inventory all decreased for January. TSI has gone up 29.9 percent since April 2009, when the index was at a historic low of 94.6.
Trucking freight received its first decline in the index since June 2014.
Freight shipments are down 0.2 percent from January 2014, up 19.0 percent from five years ago, and increased by 7.6 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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