Ti Dashboard highlight: Freight Transportation Services Index
Published monthly, the US Department of Transportation’s Bureau of Transportation Statistics’ (BTS) Freight Transportation Service 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. Measurement of month-to-month changes in freight shipments by the modes of transportation in tons and ton-miles are gathered and then combined into the index.
The latest data indicates that from January to February, the index increased by 1.2 points. BTS suggests that freight demand picked in February after severe weather hindered shipments in January. Growth was led by trucking and rail intermodal while other modes remained stable during the month.
2014 year-to-date freight shipments are down 1.4% but compared to February 2013, shipments have increased 2.1%.
The Freight Transportation Services Index can be useful when measuring the overall health of the US freight market.