Freight Transportation Services Index climbs to record high

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The Freight Transportation Services Index rose 1.7 percent in November to 113.2 from the October level of 111.3, rising to a record high with the biggest one-month gain since February 2004 after two consecutive monthly declines, according to the Bureau of Transportation Statistics. The November 2005 level was 1.4 percent higher than the November 2004 level of 111.7.

BTS, a part of the U.S. Department of Transportation’s Research and Innovative Technology Administration, also reported Monday, Feb. 6 that the overall TSI — which also includes passenger transportation — rose 1.2 percent in November to 112.2 from the October level of 110.9, turning up after a one-month decrease to reach a record high. The November level was 1.7 percent higher than the November 2004 level of 110.3.

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 baseline year for the index is 2000. For more information, go to www.bts.gov.