DOT Freight Transportation Index Rises 1.6%
The Department of Transportation’s freight transportation services index rose 1.6% in June from the same month last year, DOT said Wednesday.
The freight TSI declined 0.1% to a reading of 109.5 from May, DOT said. The index uses a baseline 100 reading from the year 2000.
June shipments were the seventh-highest level since the early recession month of July 2008, DOT said.
December’s 114.0 reading was an all-time high since records began being kept in 1990.
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.