Subscribe to our free, weekly email newsletter!


Freight TSI reaches a new high, reports DOT’s Bureau of Transportation Statistics

By Staff
July 11, 2014

The Department of Transportation’s Bureau of Transportation Statistics (BTS) reported this week that its Freight Transportation Services Index (TSI) headed up 0.6 percent from April to May (the most recent month for which data is available), showing growth for the fourth straight month. 

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 May Freight TSI at 120.0 is the new all-time high level, topping November 2013’s 119.4, which was set before the harsh winter weather kicked in. BTS said that after falling to 94.6 in April 2009, the Freight TSI increased a cumulative 26.9 percent in the following 61 months.

Trucking paced the Freight TSI’s growth in May, as it grew for the fourth straight month, and gains in pipeline and waterborne shipments also were contributors. Trucking growth occurred in dry van trucks, flatbed, and tank trucks, while rail intermodal shipments dropped after three months of growth.

On a year-to-date basis, BTS said freight shipments were up 0.8 percent through May compared to the end of 2013. And freight shipments are up 26.1 percent going back to May 2009’s recession level and are up 8.6 percent going back to May 2004.

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 Department of Transportation’s Bureau of Transportation Statistics (BTS) reported this week that U.S. trade with its North America Free Trade Agreement (NAFTA) partners Canada and Mexico increased 5.4 percent from May 2013 to May 2014 at $103.9 billion.

With an eye on making transportation of crude oil by rail (CBR) and ethanol safer following various tragic accidents over the last year, the United States Department of Transportation yesterday released details regarding its rulemaking proposal designed to improve how large quantities of flammable materials by rail can be moved in a safer manner.

Getting items ordered online to your home on a same-day basis is as important or relevant as it needs to be, and it depends on things like the type of products being ordered and its relative urgency as well. This was put into better perspective for me during a recent conversation I had with Dr. Victor Allis, CEO of Quintiq, a supply chain vendor specializing in a single optimization and planning platform.

Diesel prices dropped for the third straight week, with the average price per gallon seeing a 2.5 percent decline to $3.869 per gallon, according to the Department of Energy’s Energy Information Administration (EIA).

Seasonally-adjusted (SA) for-hire truck tonnage in June dropped 0.8 percent on the heels of a revised 0.9 percent (from 1.0 percent) increase in May and was up 2.3 percent annually.

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