The Freight Transportation Services Index (TSI), which is based on the amount of freight carried by the for-hire transportation industry, rose 0.7% in April from revised March, rising for the second consecutive month, according to the U.S. Department of Transportation’s Bureau of Transportation Statistics’ (BTS). With the April increase, the index equaled the level of January 2021, the highest since pre-pandemic November 2019. {chart} The March index was revised to 135.9 from 130.0 in last month’s release due primarily to a 7.9% upward revision in the American Trucking Associations’ unadjusted truck tonnage index. ... (full story)