Bureau of Transportation Statistics (BTS) announces that the Transportation Services Index (TSI) fell 0.9 percent in February from its January level, falling for the third consecutive month, the U.S. Department of Transportation's Bureau of Transportation Statistics (BTS) reported.
The last monthly decline that was greater than February's 0.9 percent was a decline in February 2005 of 1.4 percent.
For the first two months of 2006, the TSI, a combination of the freight and passenger indexes, fell 1.0 percent, the first decline in the two-month period since 2003.
The February level of 110.2 for the combined freight and passenger index was 0.2 percent higher than the February 2005 level, the fourth consecutive rise from February of the previous year. The February level was 7.4 percent higher than the February level of the base year of 2000.
TSI is a single seasonally adjusted index of the month-to-month changes in the output of services provided by the for-hire transportation industries, including railroad, air, truck, inland waterways, pipeline, and local transit.
The index includes historic data from 1990 to the present. The TSI is still under development and is considered experimental. The index measures changes from the monthly average of the base year of 2000. Release of the March index is scheduled for May 9.
Transportation Services Index for Freight The TSI for freight fell 0.8 percent in February from the January level, falling after a one-month increase. The Freight TSI February 2006 level is 0.1 percent lower than the February 2005 level, the first decline from February of the previous year since 2001. For the first two months of 2006, the Freight TSI, fell 0.3 percent, the first decline in the two-month period since 2003.
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