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For-hire freight nears record high

Posted By Administration, Tuesday, March 15, 2016

The amount of freight moved by U.S. for-hire transportation companies increased for the second straight month in January. The DOT's Freight Transportation Services Index (TSI) rose 0.5 percent in January to a reading of 122.2, while the December 2015 index was revised upward to 121.6 from 121 in last month's release. This latest figure is just 1.3 percent below the all-time high level of 123.8 in November 2014, with TSI records going back to 2000. This is also the first time the index increased for two months in a row since November 2014. The January Freight TSI hike was due to substantial growth in rail intermodal and pipeline and a smaller increase in trucking (Truckinginfo).

Tags:  DOT  Freight TSI  TSI 

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