Saturday, June 24, 2017

BTS Transportation Services Index hits historic high of 126.4 in February


Wednesday, April 12, 2017
by THE TRUCKER NEWS SERVICES

WASHINGTON — The February Freight Transportation Services Index (TSI), based on the amount of freight carried by the for-hire transportation industry, rose 1.5 percent from January to 126.4, an all-time high according to the U.S. Department of Transportation’s Bureau of Transportation Statistics (BTS)

The February increase in the Freight TSI was broad based, with growth in all freight transportation modes except pipeline. Employment, housing starts and personal income all grew in February, and the Institute for Supply Management’s Purchasing Managers’ Index showed positive and accelerating growth.

The Freight TSI measures the month-to-month changes in for-hire freight shipments by mode of transportation in tons and ton-miles, and is seasonally-adjusted to remove regular seasons from month-to-month comparisons.

 

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