Freight shipments rise 1.6% in March
The amount of freight that the for-hire transportation industry carried rose 1.6 percent in March, according to preliminary data released Wednesday from the U.S. Department of Transportation’s (USDOT) Bureau of Transportation Statistics (BTS).
The data, from this month’s BTS Freight Transportation Services Index (TSI), measures the month-to-month changes in freight shipments according to mode of transportation.
This is the second consecutive month freight shipments have increased. BTS notes that the two-month growth “represented continued recovery from unusually severe winter weather that hampered freight shipments in earlier months.”
The 116.7 index in March follows February’s revised index of 114.9. The February index stood at 115.2 in the preliminary report released last month.
March’s level of freight shipments is 23.2 percent higher than the April 2009 low of 94.7 and 0.8 percent below the all-time high of 117.7 in November 2013.
The March 2014 Freight TSI is down 0.2 percent year-over-year.
For more information and charts about the February 2014 Freight TSI, visit rita.dot.gov.
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