Freight index reaches monthly high in August

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.