The Transportation Services Index (TSI) for freight fell 0.8 percent in February from the January level, falling after a one-month increase, according to the Bureau of Transportation Statistics (BTS).
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.
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.