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

Almost all companies today are aware of their labor or material costs... but what about energy consumption? It all comes down to having the energy data needed to determine what actions you must take to improve. The payoff is worth it, as insight into energy data allows you to make more valuable, relevant operating decisions.

With lower energy prices sparking domestic economic gains, coupled with solid manufacturing and industrial production activity, improving jobs numbers, and a GDP number that shows progress, there is, or there should be, much to be enthused about when it comes to the economy and the economic recovery, which has been raised and discussed and dissected from basically every angle possible, it seems. But that enthusiasm regarding the economy needs to be tempered, because big headline themes seldom tell the full story at all really.

The annualized turnover rate for large truckload carriers in the third quarter rose one percentage point to 97 percent, according to the ATA.

The Pacific Maritime Association (PMA), representing employers at 29 ports, and the International Longshore and Warehouse Union (ILWU), which represents 20,000 dockworkers, have come to a tentative agreement on a key issue in ongoing contract negotiations.

Diesel prices continued their ongoing decline, with the average price per gallon falling 6.7 cents to $2.866 per gallon, according to data issued this week by the Department of Energy’s Energy Information Administration (EIA).

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