Release Date: 12 July 2006
Release ID: 521
The Transportation Services Index (TSI) rose 1.1 percent in May from its April level, rising for the third consecutive month, the U.S. Department of Transportationís Bureau of Transportation Statistics (BTS) reported today.
Prior to the these three monthly increases, the last time there were three consecutive monthly increases was in September, October and November 2004.
For the first five months of 2006, the TSI, a combination of the freight and passenger indexes, rose 1.7 percent, the third consecutive December-to-May rise but the smallest rise in the five-month period since a decline in 2003.
The May level of 112.4 for the combined freight and passenger index was 0.3 percent higher than the May 2005 level, the fourth consecutive increase from May of the previous year but the smallest year-to-year rise since a decline in 2002. The May level was 12.7 percent higher than the May 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 June index is scheduled for Aug. 8.
Transportation Services Index for Freight
The TSI for freight rose 1.9 percent in May from the April level, turning up after a one-month decline. The Freight TSI May 2006 level is 0.4 percent higher, the sixth consecutive rise from May of the previous year but the smallest year-to-year rise since a decline in 2000. For the first five months of 2006, the Freight TSI rose 2.0 percent, the third consecutive rise in the December-to-May period.
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