According to the U.S. Department of Transportation’s Bureau of Transportation Statistics, the Freight Transportation Services Index for August increased by 0.2 percent to 123.5. August’s TSI is an all-time high, breaking the previous record of 123.4 set in November 2014.
The August index is 30.4 percent above the low during the recession in April 2009. TSI records began in 2000.
Rail carload, aviation and pipeline freight all decreased in August, with waterborne freight unchanged from July. However, significant increases in trucking and rail intermodal freight were enough to offset the decreases and result in a net gain. TSI’s increase comes alongside increases in employment, personal income and housing.
Freight Transportation Services Index measures month-to-month changes in freight shipments in tons and ton-miles. This information is used to measure the output of the for-hire freight transportation industry.
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