BTS: Nov. Freight Shipments Up 1.2% on Month and Yr


   
Barani Krishnan
DTN Refined Fuels Market Reporter

   SECAUCUS, NJ (DTN) -- The Freight Transportation Services Index (FTS), which 
is based on the amount of freight carried by the for-hire transportation 
industry, rose by 1.2% on the month and year to reach 138.5 in November, the 
U.S. Department of Transportation's Bureau of Transportation Statistics (BTS) 
said Wednesday (1/15).

   It was the FTS' first monthly rise after back-to-back declines of 1% and 
0.6% in October and September, respectively, BTS records showed.

   The monthly rise in November reflected increases in freight carried via rail 
carloads, pipelines and trucks while shipment through air freight, rail 
intermodal and water vessels decreased.

   The monthly increase in November also coincided with higher readings for 
some indicators. While the Institute for Supply Management Manufacturing index 
registered a 0.5% drop for the month, the Federal Reserve Board's Industrial 
Production Index with subsets for manufacturing, mining and utilities rose by 
0.2%.

   The Passenger Transportation Services Index, meanwhile, rose by 0.3% 
month-over-month and by 1.4% year-over-year in November. In October, the index 
-- which measures passenger transportation volumes on local transit, intercity 
rail and air transportation -- advanced by 0.6% on the month and 1.6% on the 
year.

   The Combined Freight and Passenger Index climbed by 0.9% month-over-month 
and by 1.2% year-over-year in November. In October, the combined index 
registered declines of 0.5% on the month and 0.2% on the year. BTS estimates 
air freight and air passenger readings one month ahead of reported data.

    




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