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Rail News: Rail Industry Trends

Transportation Services Index holds steady at 111 in April

It didn’t gain any ground, but it didn’t lose any, either. The Transportation Services Index (TSI) in April held steady at 111 compared with March, according to the U.S. Department of Transportation’s Bureau of Transportation Statistics.

On a year-over-year basis, April’s index rose 0.5 percent. The TSI also posted a gain through 2007’s first four months, rising 1.3 percent compared with the same 2006 period.

The Freight TSI in April totaled 108.9, a 0.1 percent decline compared with March — the fourth drop in seven months. The index also decreased 0.6 percent compared with April 2006. However, through four months, the Freight TSI rose 1.2 percent; during 2006’s first four months, the index fell 1.2 percent from the previous year.

April’s Passenger TSI of 114.6 increased 0.7 percent compared with March, posting its second-straight monthly gain. The index also rose 2.7 percent compared with April 2006. But through four months, the Passenger TSI declined 0.1 percent, ending a string of three consecutive gains in a given year’s first four months.

The TSI is a measure of month-to-month changes in the output of services provided by for-hire transportation industries, including rail, air, truck, inland waterways, pipelines and local transit.

Contact Progressive Railroading editorial staff.

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