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Rail News: Rail Industry Trends

Transportation Services Index registers third month-over-month rise in May


In May, the Transportation Services Index (TSI) of 112.6 rose 0.8 percent compared with April — the index’s third-straight month-over-month increase, according to the U.S. Department of Transportation’s Bureau of Transportation Statistics. The May TSI also increased 4.0 percent and 12.9 percent compared with May 2004 and May 2000 (the base year), respectively.

May’s Freight TSI of 113.1 rose 0.5 percent compared with April, the index’s third-consecutive monthly increase. The Freight TSI increased 2.4 percent compared with May 2004.

The May Passenger TSI of 111.2 registered a third-straight month-over-month increase, too, rising 1.8 percent compared with April. The index also rose 8.2 percent compared with May 2004 and 20.0 percent compared with May 2003.

During a six-month period ending in May, the TSI, Freight TSI and Passenger TSI rose 2.1 percent, 1.3 percent and 3.9 percent, respectively, compared with the previous six-month period.

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.

More News from 8/9/2005