Freight index down 0.4% in October

user-gravatar

The Freight Transportation Services Index fell 0.4 percent in October to 111.3 from the September level of 111.8, falling for the fourth time in five months to its lowest level since December 2004, according to the U.S. Department of Transportation’s Bureau of Transportation Statistics. The October 2005 level is 1.0 percent higher than the October 2004 level of 110.2.

The overall index, which combined freight and passenger data, fell 0.6 percent in October to 110.9 from the September level of 111.6, its lowest level since February after two months of increases. The October level for the combined index was 1.4 percent higher than the October 2004 level of 109.4.

The 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. The index, which includes historic data from 1990 to the present, remains under development and is considered experimental. The base year for the index is 2000.