BTS reports gains in the Freight TSI in September
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.
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