DOT Freight Index Gains 1.8%
The Department of Transportation’s freight transportation services index for November rose 1.8% from a year earlier, DOT said Wednesday.
The freight TSI rose 0.7% from October, the fourth gain in the past five months, DOT’s Bureau of Transportation Statistics said in its monthly report.
It was the best November-to-November performance in the past three years, DOT said.
The increase kept the index in positive territory for 2007, after having been down for the first nine months.
Through November, the freight TSI was up 1.2%, while in 2006, the index declined 2.7% during the same 11-month period, DOT said.
At a reading of 110.2, the TSI is down 2.6% from its 113.1 peak of November 2005 and up 1.9% from its recent low of 108.1 in September 2007.
The TSI is a seasonally adjusted monthly index measuring the output of services provided by the for-hire transportation industries, including railroad, air, truck, inland waterways, pipeline and local transit.
