DOT Freight Transport Index Rises 2.9% in June
The Department of Transportation’s freight transportation services index rose 2.9% in June from a year ago, DOT said Wednesday.
The freight TSI rose to a reading of 111.5, fro last June’s 108.4, DOT said. The index rose 0.1% from May.
The 2.8% increase in the freight index since December marked the fifth consecutive year the index increased in the first five months.
For the first six months of this year, the freight index gained 2.9%, its largest increase for the first six months of a year since 2002.
Last year, the index dropped 0.4 percent in the first half of the year before rising about the same amount in the last six months to finish about unchanged for the year.
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.
