Subscribe to our free, weekly email newsletter!


Transportation news: BTS Freight Transportation Services Index is down from previous levels

By Staff
July 14, 2010

The Department of Transportation’s Bureau of Transportation Statistics (BTS) reported today that its Freight Transportation Services Index (TSI) fell 0.4 percent in May, following two months of sequential increases.

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 97.7 was up 4.4 percent year-over-year. May 2009 marked the lowest level for the Freight TSI since June 1997, and the Freight TSI is down 13.5 percent from its historic peak of 112.9 in May 2006.

While the Freight TSI is up 4.4 percent year-over-year, the BTS said it is below the level of every other May since 1997’s 92.7. And March 2010 marks the first month since July 2008 in which the Freight TSI topped the previous year’s level.

The Freight TSI is down 12.4 percent since May 2005 and is down 1.8 percent since May 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

Freight transportation and logistics services provider Averitt Express recently announced it has rolled out improved transit times for less-than-truckload (LTL) service from the Midwest to Toronto and other cities.

Data issued by the National Retail Federation lowered its 2014 retail sales forecast, due to a slow first six months of the year (and largely negatively influenced by the terrible winter weather), but noted that retail sales are expected to be strong over the next five months to finish the year.

Anne Ferro, a ferocious advocate for greater truck safety and a constant thorn to truck drivers and some unsafe trucking fleets, says she is leaving as administrator of the Federal Motor Carrier Safety Administration. No successor has been immediately named.

Data issued by the National Retail Federation lowered its 2014 retail sales forecast, due to a slow first six months of the year (and largely negatively influenced by the terrible winter weather), but noted that retail sales are expected to be strong over the next five months to finish the year.

The saga continues, as the PMA and ILWU plan to resume their contract negotiations on Monday, August 4, in San Francisco

Article Topics

News · Air Freight · TMS · Trucking · Railroad · Transportation · 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