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October 2020 Freight Transportation Services Index (TSI) Rose Slightly

The Freight Transportation Services Index (TSI), which is based on the amount of freight carried by the for-hire transportation industry, rose 0.1% in October from September, rising for the second consecutive month, according to the U.S. Department of Transportation’s Bureau of Transportation Statistics’ (BTS). From October 2019 to October 2020 the index fell 4.5% compared to a decline of 0.6% from October 2018 to October 2019 and a rise of 6.8% from October 2017 to October 2018 (Tables 1, 2, and 2A).