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

The 'Internet of Things' or IoT is a term that has rapidly taken center stage in business and consumer technology circles, with tremendous amounts of hype in both. Don't be distracted if some of the hypothetical consumer examples of the IoT seem far-fetched; the trend has serious implications for businesses. This complimentary whitepaper takes a look at some of the opportunities afforded by the Internet of Business Things.

Of special interest to readers of Logistics Management will be “Americas Update,” which will look into the future of the market in the Americas and assess how firms will be able to favorably position themselves to compete and win market share.

After 20 years, two congressional mandates and countless lawsuits and lobbying efforts, safety advocates and the Teamsters union still say there are too many inexperienced rookie truck drivers hitting the road without sufficient behind-the-wheel training.

Congested U.S. port terminals, harbor and over-the-road truck and driver shortages, slower trains and longer rail terminal dwell times due to increased domestic rates have not only disrupted service but also driven intermodal rates and cargo handling costs up sharply.

Southern California shippers are getting a break on container dwell expenses for the next ten days as the Port of Long Beach announced that it had added an extra three days to the time that overseas import containers can remain on the docks without charge.

Article Topics

News · 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