WASHINGTON — The Freight Transportation Services Index (TSI), which is based on the amount of freight carried by the for-hire transportation industry, rose 1.0 percent in December from November to 124.7, the third consecutive monthly increase, according to the U.S. Department of Transportation’s Bureau of Transportation Statistics (BTS). The December 2016 index level was 31.7 percent above the April 2009 low during the most recent recession. The fourth quarter showed a 2.9 percent increase from the previous quarter, even as the Gross Domestic Product dropped to an annual rate of 1.9 percent from 3.5 percent in the third quarter, BTS stated. The fourth-quarter increase was the largest increase in freight TSI since the fourth quarter of 2011.
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 for-hire freight transportation industry and consists of data from for-hire trucking, rail, inland waterways, pipelines and air freight.
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