DOT freight index down 1.9% in October
December 12, 2012
The amount of freight carried by the for-hire transportation industry fell 1.9% in October from September, according to the U.S. Department of Transportation’s Bureau of Transportation Statistics’ Freight Transportation Services Index. The October 2012 index level of 107.1 — the lowest index level since May 2011 — was 13.6% above the April 2009 low during the recession but 6% below the all-time high level of 114.0 in December 2011. BTS said that the October decline was at least in part a result of Hurricane Sandy, which depressed both truck and freight rail traffic.
The Freight TSI measures the month-to-month changes in freight shipments by mode of transportation in tons and ton-miles, which are 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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