The official freight numbers are in from September. While the index that measures freight movement in tons and ton-miles ticked up for trucking, air and pipeline, freight shipments were down for rail and water.
According to the U.S. Department of Transportation’s Bureau of Transportation Statistics, the Freight Transportation Services Index for September increased by 0.2 percent to 123.4. September’s TSI is 0.1 percent below the all-time high of 123.5 set in November 2014. After adjustments, August’s then record-high was reduced to 123.2.
The September index is 30.3 percent above the low during the recession in April 2009. TSI records began in 2000.
Trucking, air freight and pipeline all increased in September. Rail carload, rail intermodal and waterborne freight all decreased. 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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