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

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.

Now that Congress has issued another highway funding Band-Aid – a $10.9 billion highway bill through next May that former Transportation Secretary Ray LaHood blasted as “totally inadequate” – what can we expect as the infamously do-nothing 113th Congress winds down in the next month before taking yet another recess to prep for the mid-term elections?

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