BTS reports Freight TSI is up 1.0 percent in December

The Department of Transportation’s Bureau of Transportation Statistics (BTS) reported this week that its Freight Transportation Services Index (TSI) increased 1.0 percent from November to December, following a 1.7 percent rise from October to November.

By ·

The Department of Transportation’s Bureau of Transportation Statistics (BTS) reported this week that its Freight Transportation Services Index (TSI) increased 1.0 percent from November to December, following a 1.7 percent rise from October to November.

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 December Freight TSI at 109.9 is 16.6 percent higher than April 2009’s low point of 94.3 during the recession and 3.5 percent below the December 2011 reading of 114.0, which represents the all-time high since BTS first began collecting data in 1990.

With December up for the second straight month, BTS said that it was driven by growth from freight rail and trucking increases, due, in part, to Hurricane Sandy recovery efforts and general economic activity.

And since April 2009, BTS said that freight shipments have risen in 29 of the last 44 months, increasing by a cumulative 16.6 percent during that time.

BTS said freight shipments are up 0.1 percent since December 2007’s pre-recession level and up 5.3 percent in the ten years from December 2002 amid declines in recent years.

On an annual basis, December shipments are down 3.5 percent and up 10.6 percent from December 2008 and below December 2005’s 111.4, which was two years before the recession took hold.

For all of 2012, freight shipments were down 3.5 percent annually, which BTS said was the first decline since 2008, following three straight years of declines.


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!

Article Topics

All Topics
Latest Whitepaper
B2B Sellers Prefer a Unified Approach for Ecommerce
A new study from Forrester Consulting, commissioned by NetSuite, found that many midmarket, B2B sellers say their ecommerce solutions have contributed to their growth in sales, new customer acquisitions and improved customer relationships.
Download Today!
From the August 2016 Issue
A growing number of low-cost lift trucks offer new avenues for pairing equipment and applications, but less cautious buyers might find that small up-front costs come at a steep price. Selecting the proper lift truck, lift truck tips 2016, Choosing the right Lift Truck
Megatrends in ocean freight
Ocean Cargo Roundtable: What’s in store for 2017?
View More From this Issue
Subscribe to Our Email Newsletter
Sign up today to receive our FREE, weekly email newsletter!
Latest Webcast
Getting the most out of your 3PL relationship
Join Evan Armstrong, president of Armstrong & Associates, as he explains how creating a balanced portfolio of "Top 50" global and domestic partners can maximize efficiency and mitigate risk.
Register Today!
EDITORS' PICKS
2016 Quest for Quality: Winners Take the Spotlight
Which carriers, third-party logistics providers and U.S. ports have crossed the service-excellence...
Regional ports concentrate on growth and connectivity
With the Panama Canal expansion complete, ocean cargo gateways in the Caribbean are investing to...

Digital Reality Check
Just how close are we to the ideal digital supply network? Not as close as we might like to think....
Top 25 ports: West Coast continues to dominate
The Panama Canal expansion is set for late June and may soon be attracting more inbound vessel calls...