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

While shippers ready themselves for the long Labor Day weekend, we’d like to remind them that new security and compliance regulations are - as always – looming ahead.

United States Class I carloads were down 56,104 carloads–or 4.6 percent annually–at 1,115,957 in August, and intermodal containers and trailers were up 3.6 percent--or 38,617 units- at 1,114,370.

A new report from Chicago-based freight transportation and logistics consultancy CarrierDirect released this week examines current freight market conditions and what logistics and supply chain stakeholders need to do and know in order to stay one step ahead of the competition.

You’ve heard the old saying, it was the best of times, it was the worst of times. Rob Handfield sees this as the best of times for procurement professionals, who have an opportunity to deliver real value to their organizations

While core metrics were down from a very impressive July, the August edition of the Non-Manufacturing Report on Business from the Institute of Supply Management (ISM) was still very strong.

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