For-Hire Freight Volume Rises to Second Highest Level in 2 Years

The amount of freight moved by the nations for-hire transportation sector rose 0.5% in November from the month before, according to new Transportation Department figures. The index measures the output of the for-hire freight transportation industry and consists of data from for-hire trucking, rail, inland waterways, pipelines and air freight For-hire freight shipments measured by the index were up 1.5% in November compared to the end of 2015 while November 2016 for-hire freight shipments were up 2% from November 2015.

Key Takeaways:

• The amount of freight moved by the nation’s for-hire transportation sector rose 0.5% in November from the month before, according to new Transportation Department figures.
• The October index was revised upward to 122.6 from 122 and the September index was adjusted higher from 120.8 to 121.1. Monthly numbers for July and August were revised up slightly as well.
• The Freight TSI measures the month-to-month changes in for-hire freight shipments by mode of transportation in tons and ton-miles, which are combined into one index.

“The amount of freight moved by the nation’s for-hire transportation sector rose 0.5% in November from the month before, according to new Transportation Department figures.”

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