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January 11, 2019
U.S. freight transportation index rose 1.3 percent in November
The Freight Transportation Services Index (TSI), which is based on the amount of freight carried by the for-hire transportation industry, rose 1.3 percent in November from October, rising for the fourth consecutive month to reach a new all-time high according to the U.S. Department of Transportation's Bureau of Transportation Statistics' (BTS).
The November increase was driven by significant growth in trucking, air freight and pipeline, while water and rail intermodal decreased and rail carloads were stable. The TSI increase took place against a background of positive results for other indicators. The Federal Reserve Board Industrial Production index rose by 0.6 percent in November, with increases in in mining and utilities and no change in manufacturing. Personal income and housing starts grew. The Institute for Supply Management Manufacturing index rose to 59.3, indicating accelerating growth.
November 2018 for-hire freight shipments were up 6.7 percent from November 2017.
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