Freight Transportation Services Index up 0.3 percent
Tina Grady Barbaccia | June 9, 2010
The Freight Transportation Services Index (TSI) rose 0.3 percent in April from its March level, rising for the third consecutive month, the U.S. Department of Transportation’s Bureau of Transportation Statistics (BTS) reported today.
BTS, a part of the Research and Innovative Technology Administration, reported that the Freight TSI index has risen 4.9 percent during the last 11 months, starting in June 2009, after declining 15.3 percent in the previous 10 months beginning in August 2008. The index has increased in nine of the last 11 months. The index started 2010 with a decrease of 1.4 percent in the first four months. For additional historic data, go to http://www.bts.gov/xml/tsi/src/index.xml
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.
The April Freight TSI of 98.1 is a 4.9 percent increase from the recent low of 93.5 reached in May 2009. In May 2009, the index was at its lowest level since June 1997. The Freight TSI is down 13.1 percent from its historic peak of 112.9 reached in May 2006.
MORE FROM Economics
- Secret Cold War bunker found inside Brooklyn Bridge (PHOTOS)2265 Views
- Most common work-related deaths for highway and bridge construction workers1272 Views
- Highway users, road builders oppose bill to surrender federal highway authority618 Views
- New use of carbon fiber grid in precast concrete piles575 Views
- DOT loans $950 million to Florida highway project560 Views