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8/14/2008



Rail News: Rail Industry Trends

Transportation Services Index makes modest gain in June, USDOT says


In June, the Transportation Services Index (TSI) reached 112.5, one-tenth of a point higher than May's level and the index's second minimal change in a three-month period, according to the U.S. Department of Transportation's Bureau of Transportation Statistics.

A measure of month-to-month changes in the output of services provided by for-hire freight and passenger transportation industries, the TSI increased 2.3 percent compared with June 2007's level.

June's Freight TSI totaled 111.5, up 0.1 percent from May's level — the second-straight monthly gain. The index rose 2.9 percent compared with June 2007's index.

A measure of the month-to-month changes in the output of services provided by for-hire rail, trucking, inland waterways, pipelines and air freight companies, the Freight TSI also posted a 2.9 percent gain during 2008's first six months — the largest first-half increase since 2002.

June's Passenger TSI totaled 116.9, matching May's level and increasing 0.5 percent compared with June 2007's level. A measure of the month-to-month changes in the output of services provided by for-hire air, local transit and intercity rail providers, the index remained unchanged twice between April and June.

However, during the year's first six months, the Passenger TSI declined for the first time since 2003.

In the second quarter, the TSI increased 1.6 percent, Freight TSI rose 1.9 percent and Passenger TSI inched up 0.6 percent compared with second-quarter 2007 levels.


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