The U.S. Freight Transportation Services Index (TSI), which is based on the amount of freight carried by the for-hire transportation industry, fell 0.4% in June from May, falling for the first month after two consecutive months of growth, according to the U.S. Department of Transportation Bureau of Transportation Statistics (BTS).

The Freight TSI decreased in June due to seasonally adjusted decreases in rail intermodal, rail carloads, and trucking; air freight and water increased; and pipeline remained unchanged.

The June decrease occurred in the context of positive results in other indicators. The Federal Reserve Board Industrial Production Index was up 0.3% in June, reflecting increases of 0.1% in manufacturing and 2.8% in utilities, while mining was down 0.3%. Housing starts were up 4.6%. Personal Income increased by 0.3%.

 

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