WASHINGTON — The November Freight Transportation Services Index (TSI), which is based on the amount of freight carried by the for-hire transportation industry, rose 0.5 percent from October to 123.2, according to the U.S. Department of Transportation’s Bureau of Transportation Statistics (BTS). The November 2016 TSI increased 2.0 percent from November 2015, and was 1.2 percent below the all-time high level of 124.7 in July 2016.
Year-to-date, for-hire freight shipments measured by the index were up 1.5 percent in November compared to the end of 2015
All freight modes grew from October except for pipeline. The November rise took place in the context of mixed signals in other economic indicators that often impact transportation, BTS reported. Employment increased by 178,000 jobs, retail sales rose by 0.1 percent, and personal income grew by less than 0.1 percent, while the Federal Reserve Board Industrial Production index declined by 0.4 percent, and housing starts declined by 4.7 percent from October.
The Freight TSI measures the month-to-month changes in for-hire 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. The TSI is seasonally-adjusted to remove regular seasons from month-to-month comparisons.
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