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Data Shows Sector Suffers Continued Declines

Leading indicators for the industrial real estate sector continue relentlessly downward.

By John McCloud | Updated on December 10, 2008

WASHINGTON, DC- Leading indicators for the industrial real estate sector continue relentlessly downward. In mid November, the US Department of Transportation’s Bureau of Transportation Statistics (BTS) reported the US Freight Transportation Services Index (TSI) fell 2.5% in September from its August level, while the American Trucking Associations (ATA) reported its freight index fell 3% in October. Additionally, Industrial Info Resources of Sugar Land, TX released research showing a significant rise in the number of scheduled industrial projects that have been postponed or canceled.

This was the second consecutive month of decline for the TSI, which measures changes in the output of the country’s for-hire freight transportation services based on data from trucking, rail, inland waterways, pipelines and air freight. The index registered 108.0 in September, equivalent to the four-year low set 12 months earlier and down 4.5% from the historic peak of 113.1 reached in November 2005.

The September decline followed a 1.9% drop in August. According to BTS, the September and August figures were, respectively, the fifth and eighth largest monthly declines in 10 years. The combined 4.3% descent pushed the index into negative territory for the year.

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