Subscribe to our free, weekly email newsletter!


BTS Freight Transportation Services Index up 0.2 percent in October

By Staff
December 08, 2010

The Department of Transportation’s Bureau of Transportation Statistics (BTS) reported today that its Freight Transportation Services Index (TSI) was up 0.2 percent in October, following a1.0 percent gain in September and a 0.6 percent August decline.

According to BTS officials, the Freight TSI measures the month-to-month changes in freight shipments in ton-miles, which are then combined into one index. The index measures the output of the for-hire freight transportation industry and consists of data from for-hire trucking, rail, inland waterways, pipelines and air freight.

The BTS also noted that the October Freight TSI at 98.9 is up 5.7 percent from the recent low of 93.5 in May 2009, which was its lowest level since June 1997. October’s Freight TSI is down 12.4 percent from its historic peak of 112.9 in May 2006.

The October Freight TSI is up 3.2 percent year-over-year, but it is below the level of every other October since 2001’s 98.7, said the BTS. January 2010, said the BTS, was the first month since July 2008 in which the Freight TSI topped the level of the same month of the previous year. And the BTS noted that the Freight TSI has topped the previous year’s level every month since January but is still below levels of recent earlier years.

BTS officials also noted that the Freight TSI has gone up 5.7 percent over the last 17 months, going back to June 2009, following a 15.3 percent decline in the previous ten months going back to August 2008. But while the Freight TSI has increased in 13 of the last 17 months, it is down 0.7 percent through the first ten months of 2010.

Subscribe to Logistics Management magazine

Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your
entire logistics operation.
Start your FREE subscription today!

Recent Entries

Mexico's growing importance in the continental supply chain is now being recognized by North American transportation groups

Satish Jindel, president of Pittsburgh-based SJ Consulting, says that one way for LTL carriers to improve both their bottom lines and overall productivity is to get a better grasp on the cost of handling a shipment and the pricing they have for it.

Falling 5.5 cents to $2.668 per gallon, this follows last week’s 5.9 cent decline for the lowest weekly average price going back to the week of October 14, 2009, when it was at $2.60 per gallon.

With the latest round of Trans-Pacific Partnership (TPP) negotiations in Maui, Hawaii ending without a deal, U.S. supply managers may be adjusting to other global sourcing strategies.

The PMI, the ISM’s index to measure growth fell 0.8 percent to 52.7 (a PMI of 50 or greater represents growth). PMI growth has been at 50 or higher for 31 straight months (with the overall economy growing for 74 months), and the current PMI is 1.7 percent below the 12-month average of 54.4.

Comments

Post a comment
Commenting is not available in this channel entry.


© Copyright 2015 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA