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March 12, 2008 4:30 PM, EDT

DOT’s Freight Transport Index Rises

Tom Biery/Trans Pixs

The Department of Transportation’s freight transportation services index for January rose 2.7% from a year earlier, DOT said Wednesday.

The freight TSI rose 2.4% from December, the biggest monthly increase in two years, DOT’s Bureau of Transportation Statistics said.

With the 2.4% month-to-month increase, the index had its largest climb to start the year since the January 1993, when it rose 4.2%.

The January reading of 111.5 was 0.3% below the January 2006 and 1.3% lower than the January 2005 reading, DOT said.

The TSI is a seasonally adjusted monthly index measuring the output of services provided by the for-hire transportation industries, including railroad, air, truck, inland waterways, pipeline and local transit.