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September 11, 2013 2:15 PM, EDT

DOT Freight Transportation Index Rises 2.4%

Larry Smith/Trans Pixs

The Department of Transportation’s freight transportation services index rose 2.4% in July from the same month last year, DOT said Sept. 11.

The freight TSI increased 0.3% from June to a reading of 114.3, DOT’s Bureau of Transportation Statistics said in its monthly report.

June’s reading was revised to 114 from an originally reported 113.8. DOT uses a baseline reading of 100 from the year 2000.

The index remained above its 2012 range for the seventh month in a row. Every month in 2013 has exceeded 2012’s high point of 112.3, reached in December.

The freight TSI is a seasonally adjusted monthly index measuring the output of services provided by the for-hire transportation industries, including railroad, air, truck, inland waterways, pipeline and local transit.