Traffic Volume Increases For Second Straight Month, For the First Time in Two Years
The Federal Highway Administration reported today that travel on all roads and streets increased by by +0.1% (0.2 billion vehicle miles) in May 2009 compared to May 2008. This was the second consecutive monthly percentage increase in traffic volume compared to the same month in the previous year, following 17 consecutive monthly percentage decreases (see graph above) starting back in November 2007. Further, the monthly increases in both April and May is the first time in almost two years that traffic volume has increased two months in a row. Green shoot? Mustard seed?