The Department of Transportation’s freight transportation services index rose 5.6% in January from the same month in 2014, DOT said March 11.
The freight TSI declined 0.2% from December to a reading of 122.9, dropping for the second consecutive month, DOT’s Bureau of Transportation Statistics said in its monthly report.
January’s reading was 0.6% below the all-time high of 123.6 set in November. DOT uses a baseline reading of 100 from the year 2000.
The reading in November was revised down to 123.6 from 123.9 and December’s reading was adjusted to 123.1 from 123.8.
“Rail carloads, rail intermodal, and pipeline grew in January but air freight, trucking and waterborne decreased, resulting in the continuing decline in the overall freight index,” DOT said in a statement.
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.