Freight transportation services index up for fifth straight month, BTS reports

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The U.S. Department of Transportation’s Bureau of Transportation Statistics (BTS) recently reported that its Freight Transportation Services Index (Freight TSI) saw a slight increase in January, the most recent month for which data is available. available.

According to BTS officials, the Freight TSI measures monthly changes in freight shipments in ton-miles, which are then combined into a single index. The index measures the output of the for-hire freight transportation industry and consists of data on for-hire trucking, rail, inland waterways, pipelines and air freight.

January’s reading, at 138.9, rose for the fifth consecutive month, rising 1.2% from December and posting an annual gain of 1.7%. It was also 1.8% above the pre-pandemic reading from January 2020, at 136.5 and 2.3% below the all-time high of 142.1, recorded in August 2019.

BTS attributed the sequential increase to seasonally adjusted increases in water, pipelines and trucking, while air freight, carloads and rail intermodal fell. And he added that over the past five months of STI Freight gains, dating back to August 2021, it has seen a cumulative increase of 3.4%, which was preceded by four months of declines.

The STI Freight is 11.0% above the pandemic low of April 2020, with January representing the 14th increase in the last 21 months recorded since then. And that’s 2.3% below the all-time high of 142.1 set in August 2019, with gains in 14 of the last 21 months since then. The January STI Freight is also at its highest level since August 2019.

March 10, 2022

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