The Transportation Department’s Freight Transportation Services Index, which measures month-to-month changes in freight shipments in ton-miles, rose for the second straight month in February.
The TSI was 96.9 in February. The monthly index bottomed out at 93.5 last May, its lowest level since June 1997. It peaked at 112.9 in May 2006.
Although the February index was up from the 96.3 in January, it was the lowest level for any February since 1997.
The index, published by the DOT’s Bureau of Transportation Statistics, has risen by 3.6 in the last nine months, starting in June, after declining 15.3 in the previous 10 months.
The index measures output of the for-hire freight transportation industry and consists of data from fore-hire trucking, rail, inland waterways, pipelines and air freight.
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