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

UPS today announced diluted earnings per share of $1.32 for the third quarter 2014, a 13.8% improvement over the prior year period. Operating profit increased 8.3%, resulting from balanced growth across all three segments.

The Department of Transportation’s Bureau of Transportation Statistics (BTS) reported this week that U.S. trade with its North America Free Trade Agreement (NAFTA) partners Canada and Mexico increased 4.4 percent from August 2013 to August 2014 at $100.6 billion.

As expected, global trade dipped from August to September but still saw annual gains, according to data issued this week by Panjiva, an online search engine with detailed information on global suppliers and manufacturers.

Transportation and logistics merger and acquisition (M&A) activity in the third quarter saw annual gains, which were driven by smaller deals in the trucking logistics, shipping, and passenger air sectors, according to data issued in the Intersections report by PwC this week.

With the holidays rapidly approaching, it appears retailers are not quite done getting inventory set up and on the shelves in time for what is expected to be a fairly active shopping season. That much was evident based on recent data for September volumes issued by the Port of Los Angeles (POLA) and the Port of Long Beach (POLB).

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