DOT Freight Transport Index Rises
The Department of Transportation’s freight transportation services index rose 1.9% in August from the same month a year ago, DOT said Wednesday.
The freight TSI rose to a reading of 110.8, from last August’s 109 reading. It declined 1.9% from July, following four month-to-month increases.
For the first eight months of this year, the freight index advanced 2.2%, its largest increase for the first eight months of the year since 2002. The index rose 0.1% in the comparable period of 2007.
The TSI is a seasonally adjusted monthly index measuring the output of services provided by the for-hire transportation industries, including railroad, air, truck, inland waterways, pipeline and local transit.