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Freight Statistics Show Slight Improvement

Data from a variety of sources show the US freight transportation industry improving over the first part of the year.

By John McCloud | Updated on September 10, 2008

WASHINGTON, DC-Data from a variety of sources show the US freight transportation industry improving over the first part of the year. Most figures are for June or Q2, the most recent period for which statistics are available.

On Aug. 13, the US Department of Transportation’s Bureau of Transportation Statistics reported the Freight Transportation Services Index rose in June for the second consecutive month, increasing a tenth of a point from its May level to 111.5. According to the bureau, the index advanced 2.9 points since January, its largest first-half increase since 2002. Last year the index dropped 0.4 points in the first half before rising about the same amount in the second half to finish the year virtually unchanged.

Meanwhile, the Arlington, VA-based American Trucking Associations’ (ATA) advanced seasonally adjusted For-Hire Truck Tonnage Index increased 1.3% in June, its second consecutive month-to-month gain after rising 0.5% in May. Using a base of 100 for the year 2000, the index reached 116.5 in June, the highest reading since February’s figure of 117.2. In addition, the index was 5.4% higher than the June ’07 reading, marking its eighth consecutive year-over-year increase and the largest year-over-year gain since January ’05..

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