holds steady in Feb
Apr 14, 2008 12:14 PM
The Freight Transportation Services Index (TSI) was unchanged in February from January, following a 2.4 percent monthly increase in January, the Department of Transportationís Bureau of Transportation Statistics (BTS) reported.
The freight TSI measures the month-to-month changes in the output of services provided by the for-hire freight transportation industries. The index consists of data from for-hire trucking, rail, inland waterways, pipelines and air freight.
Since dropping to a recent low in September, the freight index has increased in three months, declined in one month and has been unchanged in one month. At 111.5, the freight TSI is down 1.5 percent from its peak of 113.1 achieved in November 2005 but up 3.2 percent in the five months since its recent low of 108.0 in September 2007.
The 2.4 percent increase in the freight index since December was the largest in the first two months of the year in at least a decade. It was the first December to February increase since 2005.
The February freight TSI level of 111.5 was 2.7 percent higher than the February 2007 level. The index is 1.1 percent above the February 2006 level but 0.4 percent lower than the February 2005 level.
Despite declines from recent February levels, the freight index has increased 9.2 percent in five years and 13.7 percent in 10 years.
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