March 14, 2025
The Freight Transportation Services Index (TSI), which is based on the amount of freight carried by the for-hire transportation industry, fell 0.4% in January from December, following a marginal increase in December, according to the U.S. Department of Transportation Bureau of Transportation Statistics (BTS). From January 2024 to January 2025 the index rose 1.9%
The Freight TSI decreased in January due to seasonally adjusted decreases in air freight, rail carload, rail intermodal and trucking, while water and pipeline increased.
The January decrease came in the context of mixed but generally positive results in other indicators. The Federal Reserve Board Industrial Production (IP) Index was up 0.5% in January, reflecting an increase of 7.2% in utilities, while manufacturing was down 0.1% and mining was down 1.2%. Housing starts were down 9.8% and Personal Income increased by 0.9%.