DOT Freight Index Hits All-Time High in December


2/8/2012 1:00:00 PM
Write a Letter to the Editor



Print This
 

The Department of Transportation on Wednesday said its freight transportation services index jumped 6.4% in December from a year ago and reached an all-time high.

The freight TSI climbed 3.9% month-to-month from November, the largest monthly increase in 17 years, DOT’s Bureau of Trade Statistics said in its monthly report.

The index’s reading rose to 113.7, the highest level in its 22-year history, compared with a baseline 100 reading in the year 2000, BTS said. The previous high was 113.3 in January 2005.

Freight shipments have risen in 20.6% in the last 32 months since dipping to a 94.3 reading in April 2009, BTS said.

The freight 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.

Follow Transport Topics on RSS Twitter Facebook


 Print This
 


© 2012, Transport Topics Publishing Group. All rights reserved.

 

 

RELATED ARTICLES

DOT Freight Index Hits All-Time High in December (2/8/2012 1:00:00 PM)
Faulty Bendix Valves Installed on Around 60,000 New Trucks (2/6/2012 3:10:00 AM)
NAFTA Surface Trade Rises 12.7% (1/31/2012 4:00:00 PM)
Judge to Set Creditors’ Claims Deadline In Trailer Bridge Bankruptcy Case (12/8/2011 8:15:00 AM)
Possible Restrictions on Cellphone Use Will Not Include Telematics, Executives Say (9/26/2011 8:10:00 AM)
Short of Cash, South Carolina DOT Asks Feds For Help (8/16/2011 4:00:00 PM)
 

JOIN OUR NEWSLETTER
I agree to have my personal information transfered to MailChimp ( more information )
Join over 3.000 visitors who are receiving our newsletter and learn how to optimize your blog for search engines, find free traffic, and monetize your website.
We hate spam. Your email address will not be sold or shared with anyone else.