U.S. August Freight TSI Down 0.4% Month-over-Month, Down 3.0% Year-over-Year

The Freight Transportation Services Index (Freight TSI) released by the U.S. Bureau of Transportation Statistics (BTS) shows that in August 2026 the index fell 0.4% month-over-month, its second consecutive monthly decline, and fell 3.0% year-over-year from August 2025, dropping to its lowest level since September 2021. That month, rail freight volume, intermodal, trucking and water transport all decreased, while only air freight and pipeline transport volumes rose. Over the same period, the Passenger TSI rose 0.2% month-over-month but fell 0.2% year-over-year, still 6.7% below its historical high of January 2020.