| DOT Freight Transport Index Rises |
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October 9, 2008 The Department of Transportation’s freight transportation services index rose 1.9% in August from the same month a year ago, DOT said Wednesday. The freight TSI rose to a reading of 110.8, from last August’s 109 reading. It declined 1.9% from July, following four month-to-month increases. For the first eight months of this year, the freight index advanced 2.2%, its largest increase for the first eight months of the year since 2002. The index rose 0.1% in the comparable period of 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. By Transport Topics |
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