Transportation index nears historic low
WASHINGTON — The Freight Transportation Services Index (TSI) fell 1.2 percent in October from its September level, declining for the second consecutive month, the Bureau of Transportation Statistics (BTS) reports.
The Freight TSI declined in 11 of the past 15 months and in six of 10 months in 2009 despite the three consecutive monthly increases that began in June. It had increased 2.8 percent in between May and August.
The October Freight TSI of 94.5 is a 1 percent increase from the recent low of 93.5 reached in May. In May, the index was at its lowest level since June 1997. The Freight TSI is down 16.3 percent from its historic peak of 112.9 reached in May 2006.
The 5.8 percent decline in the first 10 months of 2009 was the largest for the January-to-October period since a 6 percent decline for the first 10 months of 2000.
The October Freight TSI of 94.5 is the lowest for October since Oct. 1996 when it was 88.8. The 10.5 percent decline in the Freight TSI from Oct. 2008 to Oct. 2009 was the largest October-to-October decline in the 20-year history of the index.
The freight index is also down 14.2 percent in the five years from Oct. 2004. The index is down 9.3 percent from Oct. 1999.
To sign up for Mississippi Business Daily Updates, click here.
Top Posts & Pages
- Bids on reworking Interstate 55 stretch are rejected
- Spivey named Under 40 Business Person of the Year by the Mississippi Business Journal
- JACK WEATHERLY: Economic development in these parts is a ‘family’ business
- Hosemann to launch crowd funding program
- CFPB wants repay ability at center of new payday loan rules
- Terminal upgrade on indefinite hold at Jackson International Airport
- ALAN TURNER: Education in Mississippi – good and bad news
- JOSH MABUS: The Tao of Road House
- Answering the Bell: Interim Ole Miss law school dean well-regarded for directing hands-on clinical training