Subscribe to our free, weekly email newsletter!


BTS reports gains in Freight TSI

By Staff
April 11, 2014

The Department of Transportation’s Bureau of Transportation Statistics (BTS) recently reported that its Freight Transportation Services Index (TSI) increased 1.2 percent from January to February (the most recent month for which data is available), following two straight monthly declines.

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 February Freight TSI at 115.2 topped the April 2009 low point of the recession by 21.6 percent. It is 2.0 percent below the all-time high of 117.6 from November 2013, but is the third-highest Freight TSI reading on record. Following the April 29 low point, BTS said that the Freight TSI rose a cumulative 21.6 percent over the next 58 months.

BTS officials said that the rebound in the Freight TSI was dominated by trucking and rail intermodal, while other modes were declining or stable, and they added that the severe winter weather impacted freight shipments in January and into February as the demand for goods to ship increased despite the weather.

On an annual basis, BTS said freight shipments in February were up 2.1 percent compared to February 2013.

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

Total POLB volumes dropped 9.1 percent in August at 573,083 TEU, and POLA volumes in August were up 6.7 percent compared to August 2013 at 757,702 TEU.

Following a week in which the average price per gallon was flat, diesel prices resumed their decline, falling 1.3 cents to $3.801 per gallon, according to the Department of Energy’s Energy Information Administration.

Read how others are using Business Process Modeling to implement Microsoft Dynamics AX with reduced risk.

While diesel prices have largely been out of the spotlight in 2014, freight transportation and logistics stakeholders always need to keep a close eye on what prices are doing, as it has a significant impact on transportation budgets and forecasting.

Railroad service issues and rates, which many rail shippers deem as unreasonable, are front and center in a piece of legislation to be introduced soon by Senators Jay Rockefeller (D-WV) and John Thune (R-SD), chairman and ranking member of the Senate Committee on Commerce Science and Transportation.

Article Topics

News · 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