09.10.2009
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| DOT freight index posts largest gain in 18 months
DOT freight index posts largest gain in 18 months Quote: 
Despite the improvement from June, the July Freight TSI of 95.5 is at its lowest July level since 1997 when it was 94.8. The 13.5 percent decline in the Freight TSI from July 2008 to July 2009 was the largest July-to-July decline in the 20 years for which the TSI is calculated.
WASHINGTON — The Freight Transportation Services Index (TSI) rose 1.6 percent in July from its June level, the first monthly increase since February and the largest increase since January 2008, the U.S. Department of Transportation’s Bureau of Transportation Statistics (BTS) reported Thursday.
BTS, a part of the Research and Innovative Technology Administration, reported that the Freight TSI declined in nine of the last 12 months, but has remained steady or increased in the last two.
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.
more here>> DOT freight index posts largest gain in 18 months
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