Freight index fell 0.3% in November
The Freight Transportation Services Index fell 0.3 percent in November from October, after increasing the two previous months, the U.S. Department of Transportation’s Bureau of Transportation Statistics reported Jan. 12.
BTS reported the Freight TSI has increased in 14 of the last 18 months. Through the first 11 months of 2010, the index declined 1.0 percent. For additional historic data, go to www.bts.gov/xml/tsi/src/index.xml.
The November Freight TSI of 98.5 is down 12.7 percent from its peak of 112.9 in May 2006.
The Freight TSI measures the month-to-month changes in freight shipments in ton-miles, which are then combined into one index. The index measures the output of the for-hire freight transportation industry and consists of data from for-hire trucking, rail, inland waterways, pipelines and air freight.