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

Carload volumes were up 2.8 percent at 304,276, and intermodal volume for the week ending August 16 was up 5.4 percent at 270,316 containers and trailers.

Even though this data can be viewed as “old” in the sense that there is not a whole lot new to report about the port labor talks, it does a good job of looking into the mindset of shippers as talks continue.

Company officials said this service will be provided without any type of additional cost for customer shipments traveling from Ohio, Michigan, and Indiana, with expedited services available to customers outside of this area.

FTR says both spot rates and contract rates are heading up in a full capacity environment and with the fall shipping season rapidly approaching, it explained conditions for shippers could further deteriorate.

Read how others are using Business Process Management to achieve ERP success with Microsoft Dynamics AX. Download the free white paper now.

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