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The Freight Transportation Services Index (TSI) reached an all-time monthly high in August, which was 1.5 percent higher than the previous highest level reached just a month earlier in July, the U.S. Department of Transportation's Bureau of Transportation Statistics reported last week. The TSI is based on the amount of freight carried by the for-hire transportation industry. The August 2017 index level of 130.7 was 6.7 percent higher than the August 2016 index, bureau officials said in a press release. In addition, the most recent index exceeded the level of 130 for the first time, they said. The Freight TSI measures the month-to-month changes in for-hire freight shipments by mode of transportation in tons and ton-miles, which are combined into one index. The index measures the output of the freight transportation industry and consists of data from for-hire trucking, rail, inland waterways, pipelines and air freight.
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