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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).
U.S. Airlines October 2020 Passengers Decreased 62% from October 2019 (Preliminary)
U.S. airlines carried 62% fewer scheduled service passengers in October 2020 than in October 2019 (preliminary), according to data filed with the Bureau of Transportation Statistics (BTS) by 22 airlines that carry more than 90% of the passengers. The 62% decline from October 2019 was the smallest year-to-year decrease since March.
The large airlines carried 29.9 million passengers in October 2020 (preliminary), compared to 78.3 million passengers in October 2019 and up from 3.0 million in April 2020, which was the lowest monthly total in BTS records dating back to 1974. The previous low was 14.6 million passengers in February 1975.