April 15, 2024
The U.S. Freight Transportation Services Index (TSI), which is based on the amount of freight carried by the for-hire transportation industry, rose 3.1% in February from January, rising for the first month after a one month decline, according to the U.S. Department of Transportation's Bureau of Transportation Statistics' (BTS). From February 2023 to February 2024 the index fell 1.1%
The February increase came in the context of positive results for several other indicators.
The Federal Reserve Board Industrial Production (IP) Index grew by 0.1% in February, reflecting increases of 2.2% in mining and 0.9% in manufacturing, while utilities declined by 7.5%. Housing starts were up 10.7% while personal income increased by 0.3%.