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

While the economy has seen more than its fair share of ups and downs in recent years, 2014 is different in that it could be the best year from an economic output perspective in the last several years. That outlook was offered up by Rosalyn Wilson, senior business analyst at Parsons, and author of the Council of Supply Chain Management Professionals (CSCMP) Annual State of Logistics Report at last week’s CSCMP Annual Conference in San Antonio.

Matching last week, the average price per gallon of diesel gasoline dropped 2.3 cents, bringing the average price per gallon to $3.755 per gallon, according to the Department of Energy’s Energy Information Administration (EIA).

A number of key topics impacting the freight transportation and logistics marketplace were front and center at a panel at the Council of Supply Chain Management Annual Conference in San Antonio last week.

The relationships between third-party logistics (3PL) service providers and shippers are seeing ongoing developments due in large part to the continuing emergence and sophistication of omni-channel retailing. That was one of the key findings of The 19th Annual Third-Party Logistics Study, which was released by consultancy Capgemini Group, Penn State University, and Korn/Ferry International, a global talent advisory firm.

Optimism in the form of increasing profits was a key takeaway in the Annual Survey of Third-Party Logistics (3PL) CEOs, released earlier this week at the Council of Supply Chain Management Professionals (CSCMP) Annual Conference in San Antonio.

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