The Freight Transportation Services Index fell .04 percent in May, according to the United States Department of Transportation Bureau of Transportation Statistics, reported Wednesday.
The new report, published by the Research and Innovation Technology Administration shows the Freight TSI has risen 4.4 percent over the last year, beginning in June 2009. The increase came after a decline of 15.3 percent in the previous 10 months. The index increased in nine of the last 12 months, but dropped 1.9 percent.
The Freight TSI measures the monthly changes in freight shipments in ton-miles. The index tracks the output of the for-hire freight transportation industry and is made up of data from the for-hire trucking, rail, inland waterways, pipelines and air freight.
If you need help with truck factoring, contact TBS Truck Factoring, LLC, by calling 800-207-7661.