Official freight numbers for June are in. The index, which measures freight movement in tons and ton-miles, reveals freight was up for all freight modes except water and rail intermodal freight.
According to the Bureau of Transportation Statistics of the U.S. Department of Transportation, the Freight Transportation Services Index for June increased by 0.6 percent to 122.3. June’s TSI is a 1.1 percent decrease of the all-time high of 123.7 set in December 2014.
The June index is 29.1 percent above the low set during the recession in June 2009. TSI records began in 2000.
Trucking freight went up slightly to 136.6 from 136.2, an increase of less than 1 percent. However, numbers from the American Trucking Associations reveal a tonnage decrease of 1.5 percent in June to 137.2 from 139.3 in May. ATA calculates the tonnage index based on surveys of its membership.
According to the DOT, TSI’s growth lines up with monthly increases in the mining, utility and manufacturing sectors. The Federal Reserve Board Industrial Production index rose 0.6 percent in June.
June’s freight TSI increase is the fourth month-to-month increase for the year. Although edging higher, the TSI index for June is barely below January’s level of 122.5. February and March’s decreases were only the third back-to-back monthly decreases since December 2013. In all three cases, the next month represented an increase of 1.2 percent or more, including three of the four largest increases in that period.
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