BTS Data Reveals Long-term Trend Emerging in North American Freight Trucking
Data Highlights
1.59M January 2023, +600K from January 2022
$595B Q4 2023, +$29B from Q4 2022
$5.97B February 2023, +$950M from February 2022
1.07M June 2024, +160K from February 2023
2.63B September 2023, +6B from Dec. 2022
246M December 2022, +25M from December 2021
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November 2024 Freight Transportation Services Index (TSI) Down 0.3% from the Previous Month and Up 0.6% from the Same Month Last Year
The Freight Transportation Services Index (TSI), which is based on the amount of freight carried by the for-hire transportation industry, fell 0.3% in November from October, falling after a marginal month increase (0.2%) in October, according to the U.S. Department of Transportation Bureau of Transportation Statistics (BTS). From November 2023 to November 2024 the index rose 0.6% (Tables 1, 2, and 2A).
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