BTS reports Freight Transportation Services Index is up 1.9 percent

Staff -- Logistics Management, 7/9/2008

WASHINGTON—The United States Department of Transportation’s Bureau of Transportation Statistics (BTS) reported today that its Freight Transportation Services Index (Freight TSI) increased 1.9 percent in May from April.

The BTS said since an increase in January that marked the largest one in the last two years, the Freight TSI has not seen any growth in the last three months ending in April before May’s increase which brought it back to its January level

May’s index came in at 111.4, which was up 3.2 percent since its recent low of 108.0 last September and down 1.5 percent from November 2005’s peak of 113.1, according to the BTS.

The Freight TSI measures the month-to-month changes in the output of services provided by the for-hire transportation industries, and it includes data from for-hire trucking, rail, inland waterways, pipelines, and air freight.