DOT Freight Index Rose 1.4% in May
The Department of Transportation said Wednesday its freight transportation services index rose 1.4% in May from a year ago.
The freight TSI slipped 1.8% month-to-month from April, DOT’s Bureau of Trade Statistics said in its monthly report.
The index’s reading is 105.6, compared with a baseline 100 reading in the year 2000, BTS said.
Freight shipments have declined in three of the past four months, but remain up 12% since May 2009.
Freight shipments are down 5.6% in the five years from May 2006, though shipments are up 5.9% from May 2001, BTS said.
The freight 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.
