Dec 2024 US freight TSI down 0.1% MoM, 1% YoY: BTS

18 Feb '25

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Dec 2024 US freight TSI down 0.1% MoM, 1% YoY: BTS

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Insights

The US freight transportation services index (TSI) fell by 0.1 per cent month on month (MoM) and 1 per cent YoY in December 2024, falling for the second consecutive month, according to the Bureau of Transportation Statistics.
The freight TSI decreased in December due to seasonally adjusted decreases in water and trucking, while air freight, rail carload, rail intermodal and pipeline grew.

The US freight transportation services index (TSI), based on the amount of freight carried by the domestic for-hire transportation industry, fell by 0.1 per cent month on month (MoM) and 1 per cent year on year (YoY) in December last year, falling for the second consecutive month, according to the department of transportation’s Bureau of Transportation Statistics (BTS).

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

The level of for-hire freight shipments in December measured by the freight TSI (137.3) was 2.9 per cent below the all-time high of 141.4 reached in August 2019. BTS’ TSI records began in 2000.

The November 2024 index was revised to 137.5 from 138.6 in last month's release.

The freight TSI measures the month-to-month changes in for-hire freight shipments by mode of transportation in tonnes and tonne-miles, which are combined into one index. 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.

The TSI is seasonally-adjusted to remove regular seasonal movement, which enables MoM comparisons.

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