Subscribe to our free, weekly email newsletter!


Transportation news: BTS Freight Transportation Services Index shows sequential and annual growth

By Staff
June 09, 2010

The Department of Transportation’s Bureau of Transportation Statistics (BTS) reported today that its Freight Transportation Services Index (TSI) was up 0.3 percent in April from March. This marks the third straight month the Freight TSI grew on a sequential basis.

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 98.1 was up 4.8 percent year-over-year. This is the second annual gain for the Freight TSI since July 2008. But it still remains below April levels in all previous years since 2000, when it was at 98.0.

According to the BTS, the April 2009 Freight TSI was down 15.3 percent from April 2008, when the Freight TSI was at its lowest level since April 1997’s 92.5. And the Freight TSI is down 12.1 percent in the five years from April 2005.

The Freight TSI has increased a cumulative 4.9 percent over the last 11 months, going back to June 2009, following a cumulative 15.3 percent decline for the previous ten months going back to August 2008, and it has increased in 9 of the last 11 months. To begin 2010, the Freight TSI was down 1.4 percent over the first four months of the year.

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

Manufacturing activity in April remained on the right side of growth for the second straight month, following six months of contraction, according to the April edition of the Manufacturing Report on Business from the Institute for Supply Management (ISM).

Some 22 centuries after the original Silk Road smoothed the path of Chinese silk merchants to Europe, a new effort is beginning to build a new 21st century highway between Europe and the burgeoning economy of China, now the world’s fastest-growing market.

A new study released recently from global management consulting firm A.T. Kearney promises to provide supply chain managers valuable advice on risk mitigation

The most recent edition of the Shippers Conditions Index (SCI) from FTR showed solid gains for the fourth straight month, with market trends remaining favorable for shippers.

Shippers and other ocean cargo carrier stakeholders should be cheering the announcement made today by The U.S. Coast Guard, as it formally notified the International Maritime Organization through a Declaration of Equivalency that the United States position on SOLAS is that there are multiple methods to submit the combined cargo and container weight (Verified Gross Mass or VGM).

Article Topics

News · All topics

Comments

Post a comment
Commenting is not available in this channel entry.


© Copyright 2016 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA