Increase in Freight Shipments
According to the U.S. Department of Transportation’s Bureau of Transportation Statistics Freight Transportation Services Index the amount of freight carried by for-hire transportation rose 0.8 percent in September from August, a 4.3 percent increase from the same moth last year. This is the third consecutive month it rose, and reached its highest all-time level. All modes of freight transportation rose in September except rail carloads.
In its report the BTS stated, “The accelerating growth in each month of the third quarter of 2013 is consistent with gross domestic product growth of 2.8 percent during those months.”