BTS reports Freight TSI is up 1.7 percent

The Department of Transportation’s Bureau of Transportation Statistics (BTS) reported this week that its Freight Transportation Services Index (TSI) increased 1.7 percent from October to November, following a 1.9 percent dip from September to October.

By ·

The Department of Transportation’s Bureau of Transportation Statistics (BTS) reported this week that its Freight Transportation Services Index (TSI) increased 1.7 percent from October to November, following a 1.9 percent dip from September to October.

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 November Freight TSI at 108.9 is 15.5 percent higher than April 2009’s low point of 94.3 during the recession and is down 4.5 percent from the December 2011 reading of 114.0, which represents the all-time high since BTS first began collecting data in 1990.

BTS officials said that November’s increase was due in part to the recovery efforts from Hurricane Sandy, which led to lower rail and truck volumes in October and subsequent increases in November, which were significant.

And since April 2009, BTS said that freight shipments have risen in 28 of the last 43 months, increasing by a cumulative 15.5 percent during that time.

BTS said freight shipments are down 0.4 percent since November 2007’s pre-recession level and up 4.7 percent in the ten years from November 2002 amid declines in recent years.

On an annual basis, November shipments are flat and up 8.8 percent compared to November 2009 and below November 2005’s 112.5, which was two years before the recession took hold.


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!

Latest Whitepaper
Logistics Network Analysis
Logistics network monitoring is an important step in understanding what actually occurs throughout your supply chain.
Download Today!
From the January 2018 Logistics Management Magazine Issue
Industry experts agree that costs across all sectors worldwide will continue to rise in 2018, and the most successful shippers will be those that are able to mitigate their impact on profitability. And, the right technology will play an increasingly vital role in driving efficiencies across the global logistics network.
The Future of Retail Distribution
Navigating the Reverse Supply Chain for Connected Devices
View More From this Issue
Subscribe to Our Email Newsletter
Sign up today to receive our FREE, weekly email newsletter!
Latest Webcast
IAM, IoT and the Connected Supply Chain
There are three primary models of Identity and Access Management (IAM) technology that CTOs, CSOs, and Supply Chain executives are using to enhance their trading partner communities. While each leverages IAM and the IoT as core components only an “Outside-in” approach truly connects people, systems and things reliably and securely across the supply chain.
Register Today!
EDITORS' PICKS
State of Global Logistics: Delivering above and beyond
Industry experts agree that costs across all sectors worldwide will continue to rise in 2018, and...
2018 Rate Outlook: Economic Expansion, Pushing Rates Skyward
Trade and transport analysts see rates rising across all modes in accordance with continued...

Building the NextGen Supply Chain: Keeping pace with the digital economy
Peerless Media’s 2017 Virtual Summit shows how creating a data-rich ecosystem can eliminate...
2017 NASSTRAC Shipper of the Year: Mallinckrodt; Mastering and managing complexity
An inside look at how a large pharmaceutical firm transformed its vendor and supplier relationships...