The U.S. Department of Transportation said last week that its Freight Transportation Services Index was a record 126.8 in May, besting the previous best of 126.0 set in February 2017.
The index is based on the amount of freight carried by for-hire transportation entities and it increased by 2.2 percent from April.
The Freight TSI registered its largest month-over-month gain since it rose 2.9 percent from November to December 2011, DOT Bureau of Transportation Statistics said.
“The May increase was broad-based, with gains in most modes, especially water and pipeline, while air freight and trucking were stable,” BTS officials said in a statement. “The increase took place despite mixed performance in other indicators in May.”
The Freight TSI increased 1.8 percent in May compared with the same period in 2016.
The Passenger TSI, which is based on month-to-month changes in travel provided by air, local transit and intercity rail services, fell 0.2 percent in May.
However, the Passenger TSI index of 126.7 was a 1.4 percent increase from May 2016.
May’s combined TSI of 126.7 was a 1.4 percent increase from April 2017 and a 3.3 percent from May 2016.
Tags: DOT freight transportation services index, passenger transportation services index, U.S. Department of Transportation, U.S. DOT Bureau of Transportation Statistics, US DOT
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