Subscribe to our free, weekly email newsletter!


Freight TSI increases 1.2 percent, says BTS

By Staff
July 10, 2013

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 April to May.

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 BTS said that the April Freight TSI at 114.3 is 20.6 percent higher than April 2009’s low point of 94.8 during the recession. And it added that the level of freight shipments was 0.8 percent less than the all-time high of 115.2 from December 2011.

The Freight TSI has seen gains in six of the last seven months and that May’s 1.2 percent gain erased April’s 1.2 percent decrease. BTS added that the Freight TSI has topped its 2012 range for five straight months, with May reaching its highest level of 2013 and second-highest ever, with December 2011 and January 2005 being the highest.

BTS said May’s 1.2 percent gain was paced by truck and rail shipment gains, coupled with “broader signs of strength in the general economy.” It also cited a 6.8 percent gain in housing starts from April to May, which would boost the index as heavy construction materials produce freight tonnage growth.

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

The Nicaragua Canal will be three times the length of the Panama Canal, crossing the major Lago de Nicaragua, one of the largest freshwater reservoirs in the region.

FTR and Internet Truckstop said that this alliance will provide shippers and carriers with myriad benefits, including market analysis and specificity for contract and spot freight segments by region and trailer type.

Commerce reported that August retail sales at $444.4 billion were up 0.6 percent compared to July and up 5.0 percent compared to August 2013, and the NRF said that August retail sales, which exclude automobiles, gas stations, and restaurants, were up 0.5 percent compared to July and up 2.7 percent on an annual unadjusted basis.

Carload volumes were up 2.7 percent at 286,002, and intermodal volume was up 4.5 percent at 239,142 trailers and containers.

Non asset-based 3PL XPO Logistics said this week that three global blue chip institutions––PSP Investments, Singapore’s sovereign wealth fund called GIC, and the Ontario Teachers’ Pension Plan–– have invested a cumulative $700 million into XPO, which company officials said will be used to accelerate its growth strategy and allocated mainly for unspecified acquisitions.

Article Topics

News · BTS · Freight TSI · All topics

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