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

Carload volumes were up 1.4 percent at 300,388, and intermodal volume for the week ending September 13 was up 5 percent at 279,052 trailers and containers.

Company says the Cloud offering allows customers to respond more quickly to new business opportunities, without significant upfront cost and implementation times.

As e-commerce continues to take a bigger piece of the holiday package delivery pie, it stands to reason that companies need to be proactive and prepared in order to deliver premium service during the busiest time of year, which is rapidly approaching. And that is exactly what transportation giants UPS and FedEx are doing this year. How are they doing it exactly? The primary step they are taking is to up their numbers of seasonal staffers.

A recent hearing of the Subcommittee on Coast Guard and Maritime Transportation suggests that the U.S. Merchant Marine industry may be poised for a major comeback.

Spot market freight volumes for the month of August remained elevated compared to seasonal norms, according to data issued this week Portland, Oregon-based freight marketplace platform and information provider DAT.

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