The Bureau of Transportation Statistics (BTS) freight Transportation Services Index (TSI) showed a decline a full year and a half prior to the start of the current recession. This downturn suggests the TSI may prove particularly useful as an indicator of economic downturns. Leading economic indicators identify and anticipate emerging turns in the current business cycle by historically turning downward before a recession or a slowdown in the economy and upward before an expansion or acceleration. According to BTS research, over the past three decades the freight TSI led slowdowns in the economy by an average of 4-5 months.


    Access

    Access via TIB

    Check availability in my library


    Export, share and cite



    Title :

    Freight Transportation Services Index as a Leading Economic Indicator. Transportation Trends in Focus


    Contributors:
    P. Young (author) / K. Notis (author)

    Publication date :

    2009


    Size :

    2 pages


    Type of media :

    Report


    Type of material :

    No indication


    Language :

    English