DOT Says Freight Shipments Rose 1.7% in Nov. from Oct.
The amount of freight carried by the for-hire transportation industry rose 1.7% in November 2012 from October, according to a Department of Transportation Freight Transportation Services Index (TSI) report released Jan. 9. The Nov. 2012 index level (108.9) was 15.5…
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percent above the April 2009 low during the recession, DOT said. The Freight TSI rose in Nov. at least partly as a result of recovery from Hurricane Sandy, which depressed truck and freight rail traffic in October. The Freight TSI measures the month-to-month changes in freight shipments by mode of transportation in ton-miles, which are then 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.