The Freight Transportation Service Index increased by 1.7 percent in March to 122.9 from 120.9 in February. March marks the first increase after three consecutive months of decreases, according to the U.S. Department of Transportation’s Bureau of Transportation Statistics.
TSI’s growth of 0.2 percent for the first quarter of 2015 was the smallest quarterly increase since the third quarter of 2012, not counting the decline in the second quarter of 2014. Unusual extreme weather in parts of the country is partly responsible for lack of significant growth.
Despite a minor quarterly increase, March was the largest monthly increase since last July. 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 second consecutive decline in the index.
Freight shipments are up 1.7 percent from March 2014, up 16.7 percent from five years ago, and increased by 9.5 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.
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