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

As expected, global trade dipped from August to September but still saw annual gains, according to data issued this week by Panjiva, an online search engine with detailed information on global suppliers and manufacturers.

Transportation and logistics merger and acquisition (M&A) activity in the third quarter saw annual gains, which were driven by smaller deals in the trucking logistics, shipping, and passenger air sectors, according to data issued in the Intersections report by PwC this week.

With the holidays rapidly approaching, it appears retailers are not quite done getting inventory set up and on the shelves in time for what is expected to be a fairly active shopping season. That much was evident based on recent data for September volumes issued by the Port of Los Angeles (POLA) and the Port of Long Beach (POLB).

Join Industry Expert Adrian Gonzalez for this educational webinar on the tenets and the benefits of Closed-Loop Operational Management. You’ll learn how Closed-Loop Operational Management optimizes orders, inventory, and transportation concurrently, and how it is able to optimize large-scale problems on a daily basis.

In a separate conference call following CP’s third quarter earnings release call yesterday, CP CEO Hunter Harrison make myriad convincing points for a merger between CP and CSX and offered up his take in general industry M&A as well.

Article Topics

News · BTS · Freight TSI · All topics

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