Subscribe to our free, weekly email newsletter!


Bureau of Transportation Statistics reports Freight TSI hits an all-time high in November

By Staff
January 09, 2014

The Department of Transportation’s Bureau of Transportation Statistics (BTS) reported this week that its Freight Transportation Services Index (TSI) increased 1.2 percent from October to November.

This comes on the heels of a 0.7 percent decline from September to October and marks the third time in the last four months it has seen a gain.

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.

BTS said that the November Freight TSI at 116.5 is 22.8 percent higher than April 2009’s low point of 94.8 during the recession and represents an all-time high, topping September 2013’s 115.4.

And it explained that November’s increase is a return to growth, which was largely intact throughout the second half of 2013, with gains in all modes it tracks with the exception of pipeline. What’s more, it explained that growth in tonnage intensive industries such as heavy construction and oil and gas fracking produced an increase in truck tonnage, adding that both trucking and rail benefitted from growing auto production.

BTS noted that the Freight TSI has been above its 2012 range through the first 11 months of 2013, with each month topping December 2012’s high point of 112.2. And on an annual basis, the Freight TSI was up 5.2 percent in November.

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

less than one percent of all U.S. businesses export, and of those that do, the majority interacts only with NAFTA trading partners Mexico and Canada.

Seasonally-adjusted (SA) for-hire truck tonnage in April at 134.8 (2000=100) fell 2.1 percent from March and on the heels of a 4.4 percent February to March decrease.

The current price at $2.357 per gallon saw a 6-cent increase on the way to its highest weekly price of 2016 based on EIA data. And it is also the highest price since the week of December 14, when it was at $2.338 per gallon.

As e-commerce growth and demand goes, so goes the increased need for e-commerce fulfillment centers and distribution centers, according to the debut issue of the Global Prime Logistics Rents report recently issued by global commercial real estate firm CBRE Group Inc.

In this new world of Omni-channel—profitable and efficient anytime, anywhere fulfillment is the goal.

Comments

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


© Copyright 2016 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA