Largest decline since January 2014 for April freight

By Tyson Fisher, Land Line staff writer | 6/12/2015

The Freight Transportation Service Index decreased by 1.8 percent in April to 120.4 from 122.9 in March. April experienced a return to declines after March saw the only month-to-month increase for the year, according to the U.S. Department of Transportation’s Bureau of Transportation Statistics.

Air and waterborne freight increased in April when compared with the previous month. However, truck and pipeline freight experienced large declines, bringing the index to a net loss.

April was the largest monthly decrease since last January when the index went down 2.5 percent. TSI has gone up 27.2 percent since April 2009, when the index was at a historic low of 94.6. Trucking freight received its third consecutive decline in the index.

Freight shipments are down 1.7 percent from March 2014, up 13.2 percent from five years ago, and up 6.5 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.

Copyright © OOIDA