Freight TSI up slightly in July
WASHINGTON, D.C. — The Freight Transportation Services Index (TSI) rose 0.4% in July from its June level, rising for the second consecutive month, according to a report by the US Department of Transportation’s Bureau of Transportation Statistics (BTS).
BTS has reported that the Freight TSI has risen 5.0% over the last 14 months, starting in June 2009, after declining 15.3% in the previous 10 months beginning in August 2008. The index has increased in 11 of the last 14 months. Through the first seven months of 2010, the index declined 1.3%.
The Freight TSI measures the month-to-month changes in freight shipments in tonne-miles, which are then 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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