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13 Jan
21:46

Manufacturing, mining output drive down US freight shipments

A weakened manufacturing industry, as well as mining output in the US during November, helped drive down monthly freight shipments, Kallanish learns from the US Department of Transportation (DOT). A monthly freight transportation services index maintained by the DOT fell by 1.8% to a reading of 137.8 points in November. This seasonally adjusted index based on a three-month rolling average with freight transportation in the year of 2000 being set as a base lin…
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