Freight Index Gains Third Consecutive Month

(Journal of Commerce Online – Joseph Bonney)

First year-to-year increase since July 2008 marks recovery

The Transportation Department’s Freight Transportation Index, which measures month-to-month changes in ton-miles shipped, rose 0.9% in March from February for the third consecutive monthly gain.

The March Freight TSI rose 2.6% from March 2009, the first year-to-year increase in the freight index since July 2008.

The freight index rose 1.6% in the first quarter, marking only the sixth quarterly increase in the past 20 quarters but the second in the last three quarters. Read more here.