Transportation news: BTS Freight Transportation Services Index is up from previous levels
in the NewsBehind KION Group’s acquisition of Dematic UniCarriers Americas executives partner with Roosevelt University Brexit impact yet to be measured by U.S. logistics managers Rail carload and intermodal volumes fall for the week ending June 18, reports AAR BTS reports U.S.-NAFTA trade falls 3.2 percent in April More News
The Department of Transportation’s Bureau of Transportation Statistics (BTS) reported today that its Freight Transportation Services Index (TSI) rose 0.2 percent in June, following a 0.4 decline in May.
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 97.9 was up 4.7 percent year-over-year. June’s Freight TSI is down 13.3 percent from its historic peak of 112.9 in May 2006.
While the Freight TSI is up 4.1 percent year-over-year, the BTS said it is below the level of every other June since 1997’s 92.4. BTS added that the Freight TSI has exceeded the previous year’s level every month since January but it is still below the level of recent earlier years.
The Freight TSI is down 11.8 percent since June 2005 and is down 2.3 percent since June 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!
WMS Update: What do we need to run a WMS? Supply Chain Software Convergence: Synchronization Realized View More From this Issue