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Transportation Indicators
Highlights - July 2001
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NOTE: The final issue of this report was December 2002. These reports are provided
as a historical reference. A minimal number of indicators are being updated in the
White House Economic Statistics Briefing Room.
| Rail accidents and incidents
reached a ten-year low in April 2001– more than
6 percent below the number for April 2000.
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| Over 82 percent of scheduled flights
arrived on time (within 15 minutes of
scheduled arrival) in May 2001, the best results for
on-time performance since November 1998.
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| The producer price for crude
petroleum was nearly 13 percent lower in June 2001
than in June 2000, while the producer price for petroleum
products dropped only one percent over the same period.
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| Corporate profits in for-hire
transportation industries dropped almost 23 percent
from the fourth quarter of 2000 to the first quarter of 2001,
even while income rose slightly.
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| Air carriers’ operating expenses
exceeded revenues in the first quarter of 2001, for the
first time since 1993.
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| Manufacturers new orders for
transportation equipment rose at a seasonally adjusted
rate of over 9 percent in May 2001 compared to the previous month,
recovering somewhat from the 15 percent drop between March and April 2001.
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| Medium and heavy truck sales were
35 percent lower in June 2001 than in June 2000, continuing
a general decline over the past ten months. Car sales were
down 4 percent, while light trucks (including pickups, SUVS,
vans, and minivans) were up nearly 5 percent, the highest in
volume of light trucks for any June in the past ten years.
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| Retail gas prices declined by
2.51 percent in the first full week of July, while on-highway
diesel prices declined by 1.07 percent.
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| Domestic unit prices for jet fuel
used by scheduled airlines were nearly 10 percent higher in
May 2001 than in May 2000, while jet fuel prices for
nonscheduled airlines were up over 7 percent.
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| The value of exports and imports
both declined between March and April 2001 at a seasonally
adjusted rate of slightly under 3 percent.
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| The value of surface trade by truck
and rail between U.S.-Canada and U.S.-Mexico declined in
April 2001 compared to April 2000, while the pipeline trade
value increased by over 150 percent between U.S.–Mexico, and
by over 69 percent between U.S.—Canada.
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| Transportation energy consumption
in March 2001 was more than 4 percent higher than in March
2000, while transportation energy use per dollar of GDP
was nearly 1 percent higher in the first quarter of 2001
than the first quarter of 2000.
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| Net imports of petroleum
in May 2001 were 7 percent higher than in May 2000.
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The validity of these statements has not been statistically
tested. BTS is designing a statistical monitoring process in order to
apply statistical quality control techniques to the indicators data.
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