US freight TSI falls 1.1% in March after brief February rebound: BTS

21 May '25

2 min read

Mar 2025 US freight TSI down 1.1% MoM, up 0.4% YoY: BTS

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The US freight transportation services index, based on the amount of freight carried by the for-hire transportation industry, fell by 1.1 per cent month on month and rose by 0.4 per cent YoY in March, falling after a one-month rise, official data show.
The March fall was the second drop in three months and the fourth in seven months, leaving the index 1.7 per cent below its level in August 2024.

The US freight transportation services index (TSI), based on the amount of freight carried by the for-hire transportation industry, fell by 1.1 per cent month on month (MoM) and rose by 0.4 per cent year on year (YoY) in March this year, falling after a one-month increase, according to the Bureau of Transportation Statistics (BTS).

The level of for-hire freight shipments in March measured by the freight TSI (137.0) was 2.6 per cent below the all-time high of 140.6 reached in August 2019. BTS’ TSI records began in 2000.

The February index was revised to 138.5 from 137.9 in last month's release.

The freight TSI decreased in March due to seasonally-adjusted decreases in pipeline and trucking, while water, rail carload, rail intermodal and air freight increased.

The March freight index decrease was the second decrease in three months and the fourth decrease in seven months, leaving the index 1.7 per cent below its level in August 2024, a BTS release said.

The index increased by 4 per cent since August 2021. The March freight TSI exceeded the pandemic low in April 2020 by 10.8 per cent; the index increased MoM in 35 of the 59 months since that low.

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