Axxess International Inc.

American freight transportation index fell 2.1% in March

May 14, 2021

The U.S. Freight Transportation Services Index (TSI), which is based on the amount of freight carried by the for-hire transportation industry, fell 2.1% in March from the revised February index, falling for the second consecutive month, according to the U.S. Department of Transportation’s Bureau of Transportation Statistics’ (BTS).
The March decrease is due to seasonally-adjusted decreases in truck tonnage and pipeline despite growth in water, rail carloads, rail intermodal, and air freight.
A large decline in truck freight volumes, possibly due to supply chain issues, outweighed gains in other modes. The March decrease took place against the background of growth in other indicators from February to March.
The Freight TSI measures the month-to-month changes in for-hire freight shipments by mode of transportation in tons and ton-miles, which are combined into one index. The index measures the output of the for-hire freight transportation industry and consists of data from for-hire trucking, rail, inland waterways, pipelines and air freight.