Subscribe to our free, weekly email newsletter!


BTS reports gains in the Freight TSI in September

By Staff
November 15, 2013

The Department of Transportation’s Bureau of Transportation Statistics (BTS) reported this week that its Freight Transportation Services Index (TSI) increased 0.8 percent from August to September. This is the third straight month the Freight TSI has gone up.

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 September Freight TSI at 115.8 is 22.1 percent higher than April 2009’s low point of 94.8 during the recession. And it added that the 115.8 mark is the highest all-time level for the Freight TSI, which has seen a cumulative gain of 7.0 percent over the last 11 months, since falling in October 2012.

BTS said the September Freight TSI 0.8 percent increase was paced by gains for all modes in measures with the exception rail carloads, adding that the growth in each month of the third quarter was on par with GDP growth of 2.8 percent over the same period.

On an annual basis, the Freight TSI is up 4.3 percent compared to September 2012, and on a year-to-date basis it is up 3.2 percent.  On a quarterly basis, the Freight TSI was up 1.6 percent, 0.1 percent, and 1.5 percent annually in the first, second, and third quarters, respectively.

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

The Institute for Supply Management’s (ISM) August edition of the Manufacturing Report on Business saw its PMI, the ISM’s index to measure growth, fall 1.6 percent to 51.1, following a 0.8 percent decline to 52.7 in July. Even with the relatively slow growth over the last two months, the PI has been at 50 or higher for 31 consecutive months.

Hackett observed in the new report that China’s economy has lost steam, with actual growth falling short of targeted rates, while the United States most recent second quarter GDP reading at 3.7 percent outpaced expected targets, even though it was negatively impacted by gains in manufacturing and retail inventories.

The proposed merger of Cosco and CSCL could spark further container consolidation

The average price dropped 4.7 cents to $2.514 per gallon, which now stands at the lowest weekly average price for diesel since July 2009, when it was at $2.542 the week of July 27, 2009, according to EIA data.

The Department of Transportation’s Bureau of Transportation Statistics (BTS) reported this week that U.S. trade with its North America Free Trade Agreement partners Canada and Mexico in June dropped 3.8 percent annually to $99.0 billion. This followed a 10.8 percent decline in May to $92.7 billion.

Comments

Post a comment
Commenting is not available in this channel entry.


© Copyright 2015 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA