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July 13, 2017

U.S. freight transportation index rose 2.2 percent in May

The U.S. Freight Transportation Services Index (TSI), which is based on the amount of freight carried by the for-hire transportation industry, rose 2.2 percent in May from April, rising after a two-month decline, according to the U.S. Department of Transportation's Bureau of Transportation Statistics' (BTS).

The level of for-hire freight shipments in May measured by the Freight TSI (126.8) reached its all-time high, exceeding the previous high of 126.0 in February 2017 by 0.6 percent.

The 2.2 percent gain from April to May was the largest month-to-month increase since the index rose 2.9 percent from November to December 2011. BTS' TSI records begin in 2000.

The Freight TSI measures the month-to-month changes in for-hire freight shipments by mode of transportation in tons and ton-miles.