Subscribe to our free, weekly email newsletter!


BTS reports Freight TSI is down sequentially and up annually

By Staff
March 12, 2014

The Department of Transportation’s Bureau of Transportation Statistics (BTS) reported this week that its Freight Transportation Services Index (TSI) decreased for the second straight month, falling 2.8 percent from December to January.

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 January Freight TSI at 113.6 is 3.5 percent below November 2013’s all-time high of 117.6 an 19.8 percent above the most recent low of 94.8 recorded in April 2009.

BTS said that the index for each freight mode within the Freight TSI dipped in January, with trucking marking the steepest decline, as the “severe winter weather, which particularly hit the heavily populated areas of the country,” making an impact.

The BTS dropped for the second straight month for the first time since October 2012, and while it is at its lowest point since April 2013, it is still higher than any other month prior to March 2013, with the exception of December 2011. And since falling to April 2009’s 94.8, the Freight TSI has risen a cumulative 19.8 percent in the subsequent 57 months.

On an annual basis, the January Freight TSI is up 1.3 percent.

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 the Port of Oakland agrees that Saturday gate operations might ease congestion, they have a few "concerns" of their own

The four international marine container terminals at the Port of Oakland have announced they are developing a program to operate their terminal gates on Saturdays to reduce weekday congestion at the port.

Private fleet managers are facing a remarkable set of challenges in today's demanding business environment. The "from any place at any time" omni-channel fulfillment mindset is just one significant development that companies have had to adapt to in their quest to keep customers and business partners happy.

This is the first guaranteed weekly service direct to the U.S. from Singapore as part of the company’s initiative to enhance its LCL offerings serving Trans-pacific needs.

The city and Port of New Orleans have been roaring back since the catastrophic Hurricane Katrina struck ten years ago.

Article Topics

News · BTS · Freight TSI · All topics

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