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April 13, 2018

U.S. freight transportation index fell 0.1 percent in February

The Freight Transportation Services Index (TSI), which is based on the amount of freight carried by the for-hire transportation industry, fell 0.1 percent in February from January, falling for the second consecutive month according to the U.S. Department of Transportation's Bureau of Transportation Statistics' (BTS).

The February decrease was narrow in terms of modes, with only a large decrease in pipeline combined with a smaller drop in trucking. Meanwhile, rail carloads, rail intermodal, air freight and water all increased.

The 0.1 percent decline in February, following a decrease in January, marked the first decline of two consecutive months since April 2017. The total two-month decrease of 2.0 percent reversed the increase in November and December, returning Freight TSI to its October 2017 level.