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

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.

By ·

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!

Latest Whitepaper
Supply Chain Visibility: Illuminating the Path to Responsive, Agile Operations
Supply chain visibility is not an end, but a tool. It is the means to achieving true supply chain effectiveness, agility and ultimately, corporate profitability.
Download Today!
From the December 2017 Logistics Management Magazine Issue
Trade and transport analysts see rates rising across all modes in accordance with continued expansion of domestic and international markets. Economists, meanwhile, say shippers can expect revenue growth in transport verticals to remain in the 3%-plus range.
2018 Customs & Regulations Update:10 observations on the “digital trade transformation”
Moore on Pricing: Freight settlement and your TMS
View More From this Issue
Subscribe to Our Email Newsletter
Sign up today to receive our FREE, weekly email newsletter!
Latest Webcast
2018 Rate Forecast
Join our panel of top oil and transportation analysts for an exclusive look at where rates are headed and the issues driving those rate increases over the coming year.
Register Today!
EDITORS' PICKS
2018 Rate Outlook: Economic Expansion, Pushing Rates Skyward
Trade and transport analysts see rates rising across all modes in accordance with continued...
Building the NextGen Supply Chain: Keeping pace with the digital economy
Peerless Media’s 2017 Virtual Summit shows how creating a data-rich ecosystem can eliminate...

2017 NASSTRAC Shipper of the Year: Mallinckrodt; Mastering and managing complexity
An inside look at how a large pharmaceutical firm transformed its vendor and supplier relationships...
2017 Alliance Awards: Recognizing outstanding supply chain partnerships
In an era where effective supply chain collaboration is both highly valued and elusive, Logistics...