Subscribe to our free, weekly email newsletter!


Transportation news: BTS Freight Transportation Services Index falls in August

By Staff
October 15, 2010

The Department of Transportation’s Bureau of Transportation Statistics (BTS) reported today that its Freight Transportation Services Index (TSI) fell 0.6 percent in August from July.

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 also noted that the Freight TSI at 97.6 was up 4.4 percent from the most recent low level of 93.5 in May 2009, which was the lowest level since June 1997. August’s Freight TSI is down 13.5 percent from its historic peak of 112.9 in May 2006.

While the Freight TSI is up 1.2 percent year-over-year, the BTS said it is below the level of every other August since 1997’s 94.8. January 2010, said the BTS, was the first month since July 2008 in which the Freight TSI topped the level of the same month of the previous year. And the BTS noted that the Freight TSI has beat the previous year’s level every month since January but is still below levels of recent earlier years.

The Freight TSI is down 12.7 percent since August 2005 and is down 3.1 percent since August 2000, according to the BTS.

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

For November, which is the most recent month for which data is available, the SCI came in at -3.2. While this is still entrenched in negative territory, it represents an improvement over October and September, which were -5.5 and -6.6, respectively.

Total December shipments––at 1,150,810––were 3 percent better than November and up 5 percent annually. And total 2014 shipments––at 14,092,551––were up 5.61 percent, setting a new record for annual shipments during the time which Panjiva has been collecting this data since 2007.

The biggest story in the energy sector has to be the 30% decline in oil prices since June to a level not seen since the global recession cut a whopping 6% from global consumption back in 2009.

The challenge for air cargo operators to fill capacity, and the confidence to add capacity, remain the same as the demand curve for air freight services recovers.

For the fourth quarter of 2014, UPS said it anticipates adjusted diluted earnings per share of roughly $1.25, with full-year 2014 adjusted diluted earnings per share at $4.75, which represents a 3.9 percent annual gain over 2013’s adjusted earnings per share of $4.57, with full-year 2014 diluted earnings pegged at around $3.28 per share, which is 28.9 percent below 2013’s $4.61.

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