Transportation Services Index hits skids during November
POSTED: 11:43 a.m. EDT, January 15,2007
The Transportation Services Index (TSI) for November fell 1.0 percent from its October level, declining for the first time since August, the U.S. Department of Transportation¡¯s Bureau of Transportation Statistics (BTS) reports. The index has declined 2.7 percent since reaching its peak of 112.1 in May. The index is at its second-lowest point since August 2004, being exceeded only by August 2006. For the first 11 months of 2006, the TSI, a combination of the freight and passenger indexes, fell 1.2 percent, the first decline in the period since December-to-November 2001. The November level of 109.1 for the combined freight and passenger index was the lowest November level since 2003. It was 2.1 percent lower than the November 2005 level, the first decline from November of the previous year since 2001. The November 2006 level was 9.2 percent higher than the November level of the base year of 2000. TSI is a single seasonally adjusted index of the month-to-month changes in the output of services provided by the for-hire transportation industries, including railroad, air, truck, inland waterways, pipeline, and local transit. The index includes historic data from 1990 to the present. The TSI is still under development and is considered experimental. The index measures changes from the monthly average of the base year of 2000. Release of the December index is scheduled for Feb. 14.
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