DoT Says Freight Shipments Grew Again in December, 4th Quarter
The amount of freight carried for-hire rose 1% in December from November, rising for the second consecutive month, said the Department of Transportation's Bureau of Transportation Statistics' (BTS) Freight Transportation Services Index (TSI). The rail and trucking increases were partly…
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due to further recovery from Hurricane Sandy, as well as general economic activity, BTS said. Freight shipments in December 2012 were 16.6 percent higher than the recent low in April 2009 during the recession, it said. For the full fourth quarter, Freight TSI rose 0.7 percent, following a 0.6 percent fall in the third quarter. The index increased in 11 of the last 14 quarters, BTS said.