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In October, the Transportation Services Index (TSI) of 110.9 fell 0.6 percent compared with September — the index’s first drop in three months and lowest level since February 2005, according to the U.S. Department of Transportation’s Bureau of Transportation Statistics. The TSI increased 1.4 percent compared with October 2004.

October’s Freight TSI of 111.3 decreased 0.4 percent compared with September, the index’s fourth drop in five months and lowest level since December 2004. However, the Freight TSI increased 1 percent compared with October 2004.

October’s Passenger TSI of 109.7 fell 1.1 percent compared with September but rose 2.3 percent compared with October 2004.

During a six-month period ending in October, the TSI and Freight TSI dropped 0.6 percent and 1.1 percent, respectively, and Passenger TSI increased 0.4 percent compared with the previous six-month period.

The TSI is a measure of month-to-month changes in the output of services provided by for-hire transportation industries, including rail, air, truck, inland waterways, pipelines and local transit.