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Freight Index unchanged from May to June
Thursday, 13 August 2009 00:00

The Freight Transportation Services Index (TSI) was unchanged from May to June, remaining at its lowest level in 12 years, the U.S. Department of Transportation’s Bureau of Transportation Statistics (BTS) reported today.

The BTS reported that the Freight TSI has declined in all but two of the last 11 months. The index has declined 14.8 percent in that 11-month period.

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 airfreight.

The June Freight TSI of 94.0 is the same as in May, remaining at its lowest level since June 1997 when it was 92.4. The Freight TSI is down 16.7 percent from its historic peak of 112.9 reached in May 2006, the BTS report said.

The 6.3 percent decline in the first six months of 2009 was the largest in the last decade, exceeding the 4.6 percent decline for the first six months of 2000.

The 14.2 percent decline in the Freight TSI from June 2008 to June 2009 was the largest June-to-June decline in the 20 years of the Index calculations.

The freight index was down 14.7 percent in the five years from June 2004, the ninth consecutive month in which the index declined for a five-year period, the BTS said

The TSI is a seasonally adjusted index that measures changes from the monthly average of the base year of 2000. It includes historic data from 1990 to the present.

Cargo Business News, 8/13/2009