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

As the calendar turns to September and we approach 2015’s final third, there are, as usual, many things that require our attention from a freight transportation, logistics, and supply chain perspective.

According to Panjiva data, July shipments-at 952,126-were up 1 percent over June, following sequential gains of 7 percent for May over April and 1 percent for June over May.

While the previous edition of the Shippers Conditions Index (SCI) from freight transportation consultancy FTR showed some encouraging signs for shippers in terms of a mild uptick in overall market conditions.

Supply Chain Expert John Caltagirone is working with an increasing number of large companies that need help addressing key issues that “keep them up at night.” Here’s what Caltagirone recommends supply chain managers do right now to prepare for the future.

What will it take to find, train, and retain talent going forward? Three supply chain experts dust off their crystal balls and discuss the top ways to build the workforce for 2025.

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