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

Spot market freight volumes for the month of August remained elevated compared to seasonal norms, according to data issued this week Portland, Oregon-based freight marketplace platform and information provider DAT.

Factors such as rising freight rates, shrinking capacity, an increased desire for global supply chain visibility, have all worked together to drive the need for instituting a culture of continuous improvement in logistics operations and transportation management systems (TMS). To meet today's complex logistics challenges, managers are stepping into a more streamlined, automated approach to transportation management in order to function at optimal levels both domestically and internationally. Read the latest special report.

The Atlanta-based company said that it plans to hire between 90,000-to-95,000 seasonal employees, up from about 85,000 last year, to support “the anticipated holiday surge” for package deliveries commencing in October and running through January.

The Memphis-based company reported today that quarterly net income of $606 million was up 24 percent annually, and revenue, at $11.7 billion, was up 6 percent. Operating income at $987 million was up 24 percent.

The World Shipping Council (WSC) released an update to its survey and estimate of containers lost at sea.

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