DOT freight index slips
WASHINGTON — The U.S. Department of Transportation’s Freight Transportation Services Index fell in November after two back-to-back increases.
The index fell 0.3 percent in November from its October level.
The DOT’s Bureau of Transportation Statistics reports the Freight TSI rose 5.4 percent over the last 18 months, starting in June 2009, after falling 15.3 percent in the previous 10 months beginning in August 2008. The index has increased in 14 of the last 18 months.
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.
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