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4/10/2008



Rail News: Rail Industry Trends

Transportation Services Index takes a slight tumble in February


The Transportation Services Index (TSI) in February totaled 111.8, a 0.3 percent decline compared with January's level, according to the U.S. Department of Transportation's Bureau of Transportation Statistics (BTS).

However, the index rose 2.5 percent vs. February 2007's level and remains up 11.9 percent over the past five years. The TSI is a measure of month-to-month changes in the output of services provided by for-hire freight transportation industries

The Freight TSI in February held steady at 111.5, matching January’s total, BTS said. 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 rose 2.7 percent compared with February 2007's level. The index has increased 9.2 percent in five years and 13.7 percent in 10 years.

Meanwhile, the Passenger TSI in February totaled 114.1, a 1.2 percent decrease compared with January'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 still posted a 2.1 percent year-over-year gain. The Passenger TSI is up 20.1 percent over the past five years and 25.8 percent vs. 1998's level.


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