Back-to-back freight fall in U.S.
WASHINGTON — Freight carried by the for-hire transportation industry in the U.S. fell 1.8 percent in May from April — the second consecutive monthly drop, according to the U.S. Department of Transportation’s Bureau of Transportation Statistics’ Freight Transportation Services Index.
BTS, says freight shipments in May fell to their lowest level since November 2010.
The Freight TSI measures the month-to-month changes in freight shipments in ton-miles.
Freight shipments have increased in 17 of the last 25 months but declined in three of the past four months.
Shipments rose 12 percent over the last two years, starting in May 2009, after declining 15.7 percent in the previous 15 months beginning in February 2008.
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