| Description |
The amount of for-hire freight rose 1.6 percent in July from June, the fourth consecutive monthly gain and a new record high. The increase places the department's Freight Transportation Services Index (TSI) at a reading of 124.6, while the June measure was revised up to 122.6 from 122.3. The gauge measures freight shipments by mode of transportation in tons and ton-miles, which are combined into one index that includes the output of the for-hire freight transportation industry from trucking, rail, inland waterways, pipelines and air freight. |
