The Department of Freight Transportation Services Index measures the month-to-month changes in freight shipments in ton-miles, which are then combined into one index, according to transport industry experts. The Freight index measures the output of the for-hire freight transportation industry and is made up of data from for-hire trucking and other freight transport industries in the United States of America.
This is interesting news that could indicate a general increase in transport services in America and across North America, according to some transport experts, but the recent highs are still below the highs reached in 2008, so we probably shouldn’t read to much into the numbers, for now. Once we see the Freight Index increase above previous levels recorded in 2008, and the years before, we could be back on the transport road the industry was on before the recent slower period.