US Freight Index Climbs 0.9 Percent in January

US Freight Index Climbs 0.9 Percent in January

Freight transportation movements in the U.S. increased for the second consecutive month in January, according to the U.S. Department of Transportation’s Bureau of Transportation Statistics.

DOT’s Freight Transportation Services Index rose 0.9 percent in January from a revised December level. The Freight TSI rose 6.4 percent in 2010 based on revised numbers, compared to the 0.4 percent annual increase reported in the February release. The 6.4 percent rise was the largest annual increase in the Freight TSI since 2002.

Freight Index news from JOC:
Freight Index Rose 1.5 Percent in December

BTS this month completed a comprehensive, biannual revision that resulted in changes to monthly numbers released previously. The comprehensive revision produced upward revisions in monthly Freight TSI numbers for September through December 2010.

The revised Freight TSI at 108.1 rose 14.6 percent over the last 21 months, starting in May 2009. Prior to that if declined 16.8 percent in the previous 16 months beginning in January 2008 and ending at the recent low of 94.3 in April 2009. The index has increased in 16 of the last 21 months. In January 2011, the freight index returned to 108.1, the same level as in August 2008 when the index was early in the decline.

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.

-- Contact Thomas L. Gallagher at tgallagher@joc.com.