2/8/2012 1:00:00 PM
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The Department of Transportation on Wednesday said its freight transportation services index jumped 6.4% in December from a year ago and reached an all-time high.
The freight TSI climbed 3.9% month-to-month from November, the largest monthly increase in 17 years, DOTâ€™s Bureau of Trade Statistics said in its monthly report.
The indexâ€™s reading rose to 113.7, the highest level in its 22-year history, compared with a baseline 100 reading in the year 2000, BTS said. The previous high was 113.3 in January 2005.
Freight shipments have risen in 20.6% in the last 32 months since dipping to a 94.3 reading in April 2009, BTS said.
The freight 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.
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