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The Transportation Services Index (TSI) rebounded quickly in October. The index reached 110.7, rising 0.7 percent compared with September's level and ending a one-month slide, according to the U.S. Department of Transportation's Bureau of Transportation Statistics (BTS).

The index of month-to-month changes in the output of for-hire transportation companies' services also increased 0.4 percent compared with October 2006's TSI.

At 109.5, October's Freight TSI rose 1.3 percent compared with September's level — the freight index's largest month-over-month gain since May 2006. However, the index of month-to-month changes in the output of services provided by for-hire rail, truck, inland waterway, pipeline and air freight firms declined 0.3 percent compared with October 2006's level.

October's gain pushed the Freight TSI "into positive territory" for the year after remaining down through September, BTS said. Through 2007's first 10 months, the index rose 0.6 percent year over year.

At 116.0, the Passenger TSI dropped 1 percent from September's level after posting increases the previous two months. But the index of month-to-month changes in the output of services provided by for-hire transit and intercity rail, and air and local passenger transportation firms increased 2.5 percent compared with October 2006's TSI. Through 10 months, the Passenger TSI rose 1.6 percent year over year.