The U.S. Department of Transportation’s Bureau of Transportation Statistics (BTS) homepage reports that the Freight Transportation Services Index (TSI) rose 0.9 percent in March from its February level, rising for the third consecutive month.
The BTS reports the March Freight TSI rose 2.6 percent from March 2009, the first year-to-year increase in the freight index since July 2008.
BTS, a part of the Research and Innovative Technology Administration, reported that the Freight TSI index has risen 4.5 percent over the last 10 months, starting in June, after declining 15.3 percent in the previous 10 months beginning in August 2008.
The index has increased in eight of the last 10 months. The index started 2010 with an increase of 1.6 percent in the first three months.
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.