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BTS reports Freight TSI falls 1.0 percent from March to April

By Staff
June 08, 2011

The Department of Transportation’s Bureau of Transportation Statistics (BTS) reported today that its Freight Transportation Services Index (TSI) decreased 1.0 percent from March to April, following a 1.9 percent increase from February to March.

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 said that the April Freight TSI at 107.5 is up 14.0 percent from the recent low of 94.3 in April 2009, which was its lowest level since July 1997. April’s Freight TSI is down 5.1 percent from its historic peak of 113.3 in January 2005.

The April Freight TSI is up 3.7 year-over-year but remains below the early recession level of April 2008 and the most recent April high of 112.2 from 2005, according to the BTS.

For all of 2010, the Freight TSI was up a revised 6.2 percent from the previous metric of 6.4 percent. And for the fourth quarter, freight shipments were up a revised 1.9 percent from a previous metric of 2.1 percent.

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For November, which is the most recent month for which data is available, the SCI came in at -3.2. While this is still entrenched in negative territory, it represents an improvement over October and September, which were -5.5 and -6.6, respectively.

Total December shipments––at 1,150,810––were 3 percent better than November and up 5 percent annually. And total 2014 shipments––at 14,092,551––were up 5.61 percent, setting a new record for annual shipments during the time which Panjiva has been collecting this data since 2007.

The biggest story in the energy sector has to be the 30% decline in oil prices since June to a level not seen since the global recession cut a whopping 6% from global consumption back in 2009.

The challenge for air cargo operators to fill capacity, and the confidence to add capacity, remain the same as the demand curve for air freight services recovers.

For the fourth quarter of 2014, UPS said it anticipates adjusted diluted earnings per share of roughly $1.25, with full-year 2014 adjusted diluted earnings per share at $4.75, which represents a 3.9 percent annual gain over 2013’s adjusted earnings per share of $4.57, with full-year 2014 diluted earnings pegged at around $3.28 per share, which is 28.9 percent below 2013’s $4.61.

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