Official freight numbers for November 2015 are in. The index that measures freight movement in tons and ton-miles reveals freight was down for all modes in November.
According to the U.S. Department of Transportation’s Bureau of Transportation Statistics, the Freight Transportation Services Index for November decreased by 1 percent to 122.3. November’s TSI is a 1.1 percent decrease of the all-time high of 123.7 set in November 2014.
The November index is 29.1 percent above the low during the recession in April 2009. TSI records began in 2000.
Trucking tonnage went down by 0.9 percent. Air, rail, water and pipeline freight also experienced decreases this past November.
According to the DOT, decreases may have stemmed from weak mining and manufacturing industries, decreases in the Federal Reserve Board Industrial Production index and the Institute of Supply Management Manufacturing Index, as well as increased inventory to sales ratios.
Freight Transportation Services Index measures month-to-month changes in freight shipments in tons and ton-miles. This information is used to measure the output of the for-hire freight transportation industry.
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