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DOT reports Freight Transportation Service Index is up 1.8 percent in November from October
Wednesday, 13 January 2010 00:00

WASHINGTON—The United States Department of Transportation's Bureau of Transportation Statistics (BTS) reported earlier today that its Freight Transportation Service Index (Freight TSI) is up for the fourth time in the last six months, with a 1.8 percent increase in November from December.

The Freight TSI measures the month-to-month changes in the output of services provided by the for-hire transportation industries, and it includes data from for-hire trucking, rail, inland waterways, pipelines, and air freight.

BTS officials said the Freight TSI has gone up 2.9 percent in the last six months after three consecutive monthly increases that began in June. From May to August of this year, the Freight TSI went four straight months without a decline (increasing a cumulative 2.8 percent) after falling in nine of the previous 12 months, according to the BTS. And the May-August stretch was the first four-month period without a decline in the index since 2002.

The November Freight TSI at 96.2 is 2.9 percent better than May's recent low of 93.5, when the Freight TSI was at its lowest level in more than a decade-since June 1997-according to the BTS. And it is down 14.7 percent from its historic peak of 112.9 in May 2006.

On an annual basis, the November Freight TSI is the lowest October tally since October 1996, when it hit 89.6. It is also down 6.8 percent compared to October 2008, representing the largest November-to- November decline in the 20-year existence of the Freight TSI.

Over the first 11 months of the year, the Freight TSI is down 4.1 percent, which for that timeframe has been topped twice, with the most recent being a 6.0 percent decrease in 2008.

Logistics Management, 1/13/2010