American freight transportation index dropped 0.9% in December

The Freight Transportation Services Index (TSI), which is based on the amount of freight carried by the for-hire transportation industry, fell 0.9% in December from November, falling for the second consecutive month to its lowest level since August 2018, according to the U.S. Department of Transportation’s Bureau of Transportation Statistics (BTS).

The decrease of 0.9% reflected significant declines in rail intermodal, rail carloads, trucking, and pipeline, while water and air freight increased.

This was the second decline in a row and the third decline in fourth months for a total decrease of 3.3% from the high of 140.1 in August 2019. This decline left the index at its lowest level since August 2018.

However, it remained above any level it had reached before the high of June 2018. In effect, the Freight TSI rose 13.5% from March 2016 to June 2018, but has been essentially stable (declining by 0.5%) since then.

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