Freight TSI drops from all-time high reading

The March TSI reading at 124.0 was 1.5 percent below February’s 125.9, which topped the previous all-time high of 124.7 recorded in July 2016. And it is 30.9 percent above the all-time low of 94.7 recorded in April 2009.

By ·

The Department of Transportation’s Bureau of Transportation Statistics (BTS) reported this week that its Freight Transportation Services Index (TSI) declined in March, following a record-high in February.

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.

The March TSI reading at 124.0 was 1.5 percent below February’s 125.9, which topped the previous all-time high of 124.7 recorded in July 2016. And it is 30.9 percent above the all-time low of 94.7 recorded in April 2009.

BTS said the March decline was due to decreases in trucking, rail carloads, rail intermodal, and ocean cargo, with airfreight and pipeline seeing gains. It added that the “decline took place against a background of mixed signals in other economic indicators. Employment and personal income grew, while housing starts declined.  The Federal Reserve Board Industrial Production index rose by 0.5 percent in March, but this was entirely due to growth in utilities, as manufacturing output declined.”

The cumulative first quarter Freight TSI was off 0.5 percent compared to the fourth quarter of 2016, which was off 3.5 percent compared to the third quarter, and marks the sixth quarterly decline out of the last nine quarters going back to December 2014. On a year-to-date basis, BTS said that for-hire shipments measured by the TSI are off 0.5 percent compared to the first three months of 2016. 


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!

Article Topics

BTS · Freight TSI · All Topics
Latest Whitepaper
Digital Issue: The Current State of Third-Party Logistics Services
It has become quite clear that logistics professionals are now facing an unprecedented set of challenges. From tightening capacity, to ongoing regulation hurdles, to the complexity brought on by e-commerce, today’s shippers are transforming the way they manage their logistics operations.
Download Today!
From the June 2017 Issue
Here are five trends that every shipper­—and potential shipper—must watch as the demand for experienced logistics and supply chain professionals soars.
2017 Rail/Intermodal Roundtable: Volume stable, business steady
Cross-Border Logistics: NAFTA tune-up time
View More From this Issue
Subscribe to Our Email Newsletter
Sign up today to receive our FREE, weekly email newsletter!
Latest Webcast
Women in Logistics: Breaking Gender Roles to Win the War for Talent
In this session you'll hear from a panel of women who are now leading top-level logistics and supply chain operations. The panel will share their success stories as well as advice for women who are now making their way up the ladder.
Register Today!
EDITORS' PICKS
2017 Top 50 3PLs: Investment and Consolidation Maintain Traction
The trend set over the past few years for mergers and acquisitions has hardly subsided, and a fresh...
The Evolution of the Digital Supply Chain
Everyone is talking about terms like digitization, Industry 4.0 and digital supply chain management,...

2017 Salary Survey: Fresh Voices Express Optimism
Our “33rd Annual Salary Survey” reflects more diversity entering the logistics management...
LM Exclusive: Major Modes Join E-commerce Mix
While last mile carriers receive much of the attention, the traditional modal heavyweights are in...