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TRANSPORT STATISTICS * USA
DOT Freight Index Unchanged - September Gauge Falls 2.5% from August
Washington,DC,USA -Transport Topics -13 Nov 2008: -- The Department of Transportation’s freight transportation services index for September was unchanged from a year ago but fell 2.5% from its August level, DOT said Thursday... The freight TSI held at a reading of 108 and was 4.5% below its historic peak of 113.1, set in November 2005, DOT said... The TSI is a seasonally adjusted monthly index measuring the output of services provided by the for-hire transportation industries, including railroad, air, truck, inland waterways, pipeline and local transit...
* Shipping Index Dives 16.9 Percent
Washington,DC,USA -Traffic World -13 Nov 2008: -- The United States’ freight downturn got even worse in October as a key indicator of shipping activity turned sharply lower... The closely watched Cass Freight Index of shipments fell 16.9 percent in October compared to the same month last year, deeper than even the 16.6 percent decline the index measured in September... The October index also was down 2.8 percent from September, suggesting retailers and manufacturers are reining in their logistics activity just when distribution usually scales up for the fall peak season. Instead, the index released by freight payment company Cass Information Systems dipped to 1.050, its lowest point of the year and the lowest level the index has measured since January 2004... It was also the worst October the Cass Freight Index has measured since 2002. The shipment index has declined year-over-year every month this year and at a double-digit pace since June...
Labels: transport statistics
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