The Freight Transportation Services Index (TSI), which is based on the amount of freight carried by the for-hire transportation industry, fell 0.3% in June from May, after a one-month increase, according to the U.S. Department of Transportation Bureau of Transportation Statistics (BTS). From June 2023 to June 2024 the index rose 0.7%

The Freight TSI decreased in June due to seasonally adjusted decreases in trucking, air freight, and water, while rail carload, rail intermodal and pipeline grew.

The June decrease came in the context of positive results for several other indicators. The Federal Reserve Board Industrial Production (IP) Index grew by 0.6% in June, reflecting increases of 2.8% in utilities, 0.3% in mining, and 0.4% in manufacturing. Housing starts were up 3.0% and Personal Income increased by 0.2%.

 

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