DOT Freight Transport Index Drops 10.5% in October

(Transport Topics Online)

The Department of Transportation’s freight transportation services index fell 10.5% in October from a year earlier, the largest such decline in the 20 years in which it has been calculated. The index fell 1.2% from September, reaching a 94.5 reading, DOT’s Bureau of Transportation Statistics said in its monthly report Wednesday. The figure is a 1% increase from the recent low of 93.5 reached in May, the lowest level since June 1997.Read more here.