May 2020 Freight Index (TSI) Up 1.6% in Largest One-Month Rise in Two Years
The Freight Transportation Services Index (TSI), which is based on the amount of freight carried by the for-hire transportation industry, rose 1.6% in May from April, rising after a three-month decline, according to the U.S. Department of Transportation’s Bureau of Transportation Statistics’ (BTS). From May 2019 to May 2020, the index fell 8.5% compared to a rise of 2.1% from May 2018 to May 2019 and a rise of 8.4% from May 2017 to May 2018 (Tables 1, 2, and 2A).