The Department of Transportation’s freight transportation services index for January rose 2.7% from a year earlier, DOT said Wednesday.
The freight TSI rose 2.4% from December, the biggest monthly increase in two years, DOT’s Bureau of Transportation Statistics said.
With the 2.4% month-to-month increase, the index had its largest climb to start the year since the January 1993, when it rose 4.2%.
The January reading of 111.5 was 0.3% below the January 2006 and 1.3% lower than the January 2005 reading, DOT said.
The 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.