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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: yard_man who wrote (1765)3/10/2004 11:12:50 PM
From: mishedlo  Read Replies (1) of 116555
 
U.S. Dec. transportation index rises to 14-year high Wednesday, March 10, 2004 7:07:22 PM

WASHINGTON (AFX) -- The Transportation Services Index rose to its highest level in 14 years, the Department of Transportation said Wednesday. The index rose 1.0 percent in December, the fourth straight monthly increase. On a year-on-year basis, the index is up 0.1 perent. This is the first monthly release of the new index. It is a measure of the month-to-month changes in the output of transportation services. It includes railroads, air, truck and inland waterways transportation, pipeline transportation and local transit. On a seasonally adjusted basis, the freight index rose 2.9 percent. The index for passengers was down 3.6 percent, the first decline after six straight monthly declines.

fxstreet.com
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Interesting
right as dow transports seemed to have peaked an falling considerably

M
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