Subscribe to our free, weekly email newsletter!


BTS Freight Transportation Services Index up 1.5 percent in December

By Staff
February 09, 2011

The Department of Transportation’s Bureau of Transportation Statistics (BTS) reported today that its Freight Transportation Services Index (TSI) increased 1.5 percent in December, following a 0.3 percent decline in November.

The Freight TSI was up 0.2 percent in October and 1.0 percent in September.

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 December Freight TSI at 100.0 is up 6.9 percent from the recent low of 93.5 in May 2009, which was its lowest level since June 1997. December’s Freight TSI is down 11.4 percent from its historic peak of 112.9 in May 2006.

The December Freight TSI is up 0.4 percent year-over-year, but it is below the level of every other December since 2001’s 97.4, 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 6.9 percent over the last 19 months, going back to June 2009, following a 15.3 percent decline in the previous ten months going back to August 2008.

For more stories on the Freight TSI, click here

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

While many market conditions are working against shippers, the most recent edition of the Shippers Condition Index (SCI) from freight transportation consultancy FTR shows that things may be improving, albeit slowly.

Newsroom Notes takes a look at some of the biggest stories and themes in logistics for 2014.

Even though China’s costs have risen and the U.S. has now surpassed Mexico as the preferred locale for relocating offshored manufacturing, advantages can be fleeting and the challenges great

Memphis-based FedEx reported solid fiscal second quarter earnings results today. Quarterly net income of $616 million was up 23 percent annually, and revenue, at $11.9 billion, was up 5 percent. Operating income at $1.01 billion was up 22 percent.

UPS said this week that it has added significant space to some of its North America-based distribution facilities, which the company increases the total size of its supply chain solutions network size by roughly 1.2 million square-feet. The company’s total global supply chain solutions network is comprised of 596 facilities and about 32.8 million square-feet. UPS offers various services at these facilities, including: warehousing and fulfillment inventory, transportation and returns management; custom kitting and packaging; and store-ready displays.

Comments

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


© Copyright 2013 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA