The Freight Transportation Service Index increased by 0.6 percent in July to 122.8 from 121.9 in June. June experienced a decrease that appears to occur every other month starting in January, according to the U.S. Department of Transportation’s Bureau of Transportation Statistics.
Truck, air and rail carloads freight increases made up for decreases in water, pipeline and rail intermodal in July compared with the previous month. In June, decreases in truck, water and rail intermodal freight resulted in a net loss for the index.
July was the fourth month of the year to have a month-to-month increase in the index. The index has fluctuated from a net loss and a net gain each month. TSI has gone up 29.7 percent since April 2009, when the index was at a historic low of 94.6.
Trucking freight increased in July for the second time this year with the first increase occurring in May. Freight for trucks decreased for three consecutive months leading up to May.
Freight shipments are up 0.2 percent from July 2014, up 14.8 percent from five years ago, and up 9.8 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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