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 market for supply chain management software continues to expand, highlighting the importance of software in today’s supply chains.

Amid the talk and coverage about things negatively impacting the trucking industry like increasing regulations, tight capacity, and equipment-related issues and challenges, there is one thing to always remember about the sector: it moves a lot of freight, make that more than a lot, actually.

In an effort to increase territorial coverage, improve transit time, and augment service quality in Brazil, UPS recently announced it has made significant service expansions with the opening of nine new operating facilities in the state of São Paulo.

Even with potential labor gridlock on the horizon, the findings of a Logistics Management reader survey found that there is increased optimism towards a 2014 Peak Season.

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