The Freight Transportation Services Index rose for the third straight month, with a 0.3 percent boost in April over March
, according to data released by the U.S. Department of Transportation's Bureau of Transportation Statistics. The index increased 4.8 percent from April 2009.
The Freight TSI index has risen 4.9 percent over the last 11 months, starting in June 2009, after declining 15.3 percent in the previous 10 months beginning in August 2008. The index has increased in nine of the last 11 months, BTS said.
The April Freight TSI of 98.1 is a 4.9 percent increase from the recent low of 93.5 reached in May 2009. In May 2009, the index was at its lowest level since June 1997. The index is down 13.1 percent from its historic peak of 112.9 reached in May 2006.
The Freight TSI measures the month-to-month changes in freight shipments in ton-miles, which are then combined into one index. The index measures the output of the for-hire freight transportation industry and consists of data from for-hire trucking, rail, inland waterways, pipelines and air freight.
The freight index is down 12.1 percent in the five years from April 2005 and is virtually unchanged in the 10 years from April 2000.
Last month, the index saw its first year-over-year boost since July 2008.
For additional historical data, visit www.bts.gov/xml/tsi/src/index.xml.
, according to data released by the U.S. Department of Transportation's Bureau of Transportation Statistics. The index increased 4.8 percent from April 2009.
The Freight TSI index has risen 4.9 percent over the last 11 months, starting in June 2009, after declining 15.3 percent in the previous 10 months beginning in August 2008. The index has increased in nine of the last 11 months, BTS said.
The April Freight TSI of 98.1 is a 4.9 percent increase from the recent low of 93.5 reached in May 2009. In May 2009, the index was at its lowest level since June 1997. The index is down 13.1 percent from its historic peak of 112.9 reached in May 2006.
The Freight TSI measures the month-to-month changes in freight shipments in ton-miles, which are then combined into one index. The index measures the output of the for-hire freight transportation industry and consists of data from for-hire trucking, rail, inland waterways, pipelines and air freight.
The freight index is down 12.1 percent in the five years from April 2005 and is virtually unchanged in the 10 years from April 2000.
Last month, the index saw its first year-over-year boost since July 2008.
For additional historical data, visit www.bts.gov/xml/tsi/src/index.xml.
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