Subscribe to our free, weekly email newsletter!


Freight TSI heads up again, reports DOT’s Bureau of Transportation Statistics

By Staff
May 14, 2014

The Department of Transportation’s Bureau of Transportation Statistics (BTS) recently reported that its Freight Transportation Services Index (TSI) increased 1.6 percent from February to March, which is the most recent month for which data is available.

This follows a 1.2 percent hike from January to February, which was preceded by two consecutive months of declines.

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 Freight TSI at 116.7 is 23.2 percent ahead of April 2009 low point of the recession and 0.8 percent below the all-time high of 117.7 recorded in November 2013, with freight shipments hitting their third-highest level ever, following November and December 2013. After dipping to 94.8 in April 2009, the index has increased by a cumulative 23.2 percent in the succeeding 59 months.

BTS said the Freight TSI’s gain in March showed growth in all modes with the exception of pipeline, with trucking and rail intermodal the fastest growing modes for the second month in a row.

“The growth in trucking represented continued recovery from unusually severe winter weather that hampered freight shipments in earlier months,” said BTS. “Severe weather can affect the demand for goods to ship as well as the ability to move goods. The decline in the Freight TSI in December and January and its rebound in the succeeding two months took place while GDP growth slowed to an annualized rate of 0.1 percent during the first quarter of 2014 from 2.6 percent in the fourth quarter of 2013, according to the U.S. Department of Commerce’s Bureau of Economic Analysis.”

On a year-to-date basis, freight shipments through March are down 0.2 percent and on an annual basis March freight shipments are up 3 percent.

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

Putting the renewed strength in the truckload market into a very positive perspective is a report issued by Avondale Partners analyst Donald Broughton, which was released yesterday. Entitled, “Q2’15 Trucking Capacity; Goldilocks Era Continues,” Broughton explained that in the second quarter only 70 truckload fleets failed, or exited the business. That number may seem high to some, but it is not, especially when you consider that the second quarter of 2014 saw more than five times as many truckload carriers, 375 to be exact, exit the business.

Global demand remains stable as packaging equipment providers of all sizes shift focus

Six straight days without a ship waiting for berth

Freight forwarders were relieved to learn yesterday that U.S. Customs and Border Protection (CBP) would be delaying its Automated Commercial Environment (ACE) implementation.

The Institute for Supply Management’s (ISM) August edition of the Manufacturing Report on Business saw its PMI, the ISM’s index to measure growth, fall 1.6 percent to 51.1, following a 0.8 percent decline to 52.7 in July. Even with the relatively slow growth over the last two months, the PI has been at 50 or higher for 31 consecutive months.

Comments

Post a comment
Commenting is not available in this channel entry.


© Copyright 2015 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA