The USA Division of Transportation’s Bureau of Transportation Statistics (BTS) just lately reported that its Freight Transportation Providers Index (Freight TSI) noticed a sequential lower and an annual acquire, for June, the latest month for which knowledge is on the market.
In keeping with BTS officers, the Freight TSI measures the month-to-month modifications in freight shipments in ton-miles, that are then mixed into one index. The index measures the output of the for-hire freight transportation trade and consists of information from for-hire trucking, rail, inland waterways, pipelines and airfreight.
The June studying—at 136.9—was off 0.2% in comparison with Might. And it was additionally the second straight lower, for a cumulative 0.6% going again to April, and in addition the fourth lower during the last eight months. What’s extra, BTS mentioned that the present Freight TSI studying is above any stage recorded over the course of the pandemic, going again to earlier than April 2021 whereas remaining under its November 2019 stage.
On an annual foundation, it noticed a 5.6% annual acquire, effectively outpacing a 7% decline, for a similar interval, from June 2019 to June 2020, and a 1.4% annual acquire, from June 2018 to June 2019.
BTS famous that the June Freight TSI studying was 3.5% under the August 2019 all-time excessive, at 141.9 and has fallen in eleven of the final 22 months since reaching that peak. The June Freight TSI was additionally 44.3% above the April 2009 low of 94.9.
The Might Freight TSI studying trailed the all-time excessive, of 141.9 in August 2019, by 3.0%. And it added that the 0.1% enhance from April to Might was as a consequence of seasonally-adjusted will increase in rail carloads, air freight, truck and water, regardless of declines in rail intermodal and pipeline, coupled with the rise occurring in opposition to the backdrop of blended outcomes for different indicators from April to Might.
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