American freight transportation index dropped 1.3% in August

The U.S. Freight Transportation Services Index (TSI), which is based on the amount of freight carried by the for-hire transportation industry, fell 1.3% in August from revised July, declining after two months of increases, according to the U.S. Department of Transportation’s Bureau of Transportation Statistics’ (BTS). From August 2019 to August 2020, the index was down 7.4%.

The monthly decrease from July was due to declines in water, pipeline and trucking, despite growth in rail intermodal, rail carload, and air freight.

The August decrease followed three consecutive monthly increases. The index has now declined in four of the eight months of 2020, for a total decrease of 4% in 2020.

The index remained 3.7% below its pre-pandemic level in February, and 4.2% below its recent peak in January. However, it is 4.4% above its pandemic low point in April.

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