BTS Releases Freight Transportation Services Index for May

(CIFFA eBulletin)

The Freight Transportation Services Index (TSI) fell 0.4% in May from its April level, declining after two consecutive monthly increases, the U.S. Department of Transportation’s Bureau of Transportation Statistics (BTS) reported this week. BTS reported that the Freight TSI has risen 4.4% over the last 12 months, starting in June 2009, after declining 15.3% in the previous 10 months beginning in August 2008.

The index has increased in nine of the last 12 months. Through the first five months of 2010, the index declined 1.9% with small increases in January, March and April combined with a 3.5% decrease in February and the 0.4% decrease in May.