DOT Secretary Norman Mineta tomorrow is expected to ring the opening bell at the New York Stock Exchange and announce a new economic indicator, the Transportation Services Index (TSI). The TSI will measure the performance of the economy as reflected in the movement of freight and passengers.
Bureau of Transportation Statistics Chief Economist Jack Wells is expected to join Mineta for the announcement and a press conference.
The U.S. Transportation system includes 3.9 million miles of public roads and 2 million miles of oil and natural gas pipelines. There are networks consisting of 120,000 miles of major railroads, more than 25,000 miles of commercially navigable waterways and more than 5,000 public-use airports.
