The freight index is 36.4% higher than the April 2009 low during the recession. (File photo)

DOT freight index reaches all-time high

Dec. 20, 2017
trucks, freight, index, DOT

The Department of Transportation (DOT) said its freight transportation services index reached an all-time high in October.

The reading of 129.2 was up 0.6% from September and 36.4% above the April 2009 low during the recession, according to the Bureau of Transportation Statistics. The index is based on the amount of freight carried by the for-hire transportation industry.

The October reading was 0.2% above the previous high reached in August of 129. The freight index measures the month-to-month changes in for-hire freight shipments, and consists of data from for-hire trucking, rail, inland waterways, pipelines, and air freight.

The report said significant increases in trucking, rail carloads, rail intermodal, and water led the October increase, while air freight declined and pipeline was stable.

In a separate report, FTR said its trucking conditions index for October was 9.48, well above the prior month's reading of 3.5. FTR said a strong economy, combined with pressure from hurricane recovery and the electronic logging mandate, was creating a very tight market resulting in improved contract rates.  

About the Author

Fleet Owner Staff

Our Editorial Team

Kevin Jones, Editorial Director, Commercial Vehicle Group

Cristina Commendatore, Executive Editor

Scott Achelpohl, Managing Editor 

Josh Fisher, Senior Editor

Catharine Conway, Digital Editor

Eric Van Egeren, Art Director

Sponsored Recommendations

Reducing CSA Violations & Increasing Safety With Advanced Trailer Telematics

Keep the roads safer with advanced trailer telematics. In this whitepaper, see how you can gain insights that lead to increased safety and reduced roadside incidents—keeping drivers...

80% Fewer Towable Accidents - 10 Key Strategies

After installing grille guards on all of their Class 8 trucks, a major Midwest fleet reported they had reduced their number of towable accidents by 80% post installation – including...

Proactive Fleet Safety: A Guide to Improved Efficiency and Profitability

Each year, carriers lose around 32.6 billion vehicle hours as a result of weather-related congestion. Discover how to shift from reactive to proactive, improve efficiency, and...

Tackling the Tech Shortage: Lessons in Recruiting Talent and Reducing Turnover

Discover innovative strategies for recruiting and retaining tech talent in the trucking industry during this informative webinar, where experts will share insights on competitive...

Voice your opinion!

To join the conversation, and become an exclusive member of FleetOwner, create an account today!