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TSI Freight Index Rose 0.4 Percent in January
Wednesday, 10 March 2010 00:00
Modest recovery follows long, steep decline

Freight transportation services, as measured by the U.S. Department of Transportation’s TSI index, increased 0.4 percent from December to January.

The growth brings the index to 96.6, a 3.3 percent gain over the last eight months, starting in June, despite a steep 2.2 percent slide in October and a flat December, said DOT’s Bureau of Transportation Statistics.

During the full year of 2009, the index fell 4.1 percent, and it has fallen 12.4 percent in the two years since January 2008, reflecting the depth of the recession, which brought the index to its lowest point since June 1997 in May of last year.

The Freight TSI measures the month-to-month changes in freight shipments in ton-miles and then combines them 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.

Journal of Commerce Online, 3/10/2010