BTS reports Freight TSI is up 1.7 percent

By Staff
January 10, 2013 - LM Editorial

The Department of Transportation’s Bureau of Transportation Statistics (BTS) reported this week that its Freight Transportation Services Index (TSI) increased 1.7 percent from October to November, following a 1.9 percent dip from September to October.

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 said that the November Freight TSI at 108.9 is 15.5 percent higher than April 2009’s low point of 94.3 during the recession and is down 4.5 percent from the December 2011 reading of 114.0, which represents the all-time high since BTS first began collecting data in 1990.

BTS officials said that November’s increase was due in part to the recovery efforts from Hurricane Sandy, which led to lower rail and truck volumes in October and subsequent increases in November, which were significant.

And since April 2009, BTS said that freight shipments have risen in 28 of the last 43 months, increasing by a cumulative 15.5 percent during that time.

BTS said freight shipments are down 0.4 percent since November 2007’s pre-recession level and up 4.7 percent in the ten years from November 2002 amid declines in recent years.

On an annual basis, November shipments are flat and up 8.8 percent compared to November 2009 and below November 2005’s 112.5, which was two years before the recession took hold.



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

February manufacturing data issued today by the Institute for Supply Management (ISM) dipped slightly compared to January, according to the most recent edition of the organization’s Manufacturing Report on Business.

As U.S. West Coast ports begin to address their critical congestion issues, an innovative approach is being launched at San Pedro Bay.

The ongoing financial travails of the Highway Trust Fund was made clear in a position paper recently issued by Jeff Davis, senior fellow at the Eno Center for Transportation. In the paper–entitled “Why Not A Ten-Year Surface Transportation Bill?”-Davis points to past federal transportation bills, as well as the White House’s GROW AMERICA proposal as having one fatal flaw in common: they each leave the HTF on worst financial shape after the bill expires than it was prior to the bill being enacted.

Working with research partner, The Economist Intelligence Unit, the IBM Institute for Business Value surveyed 1,023 global procurement executives from 41 countries in North America, Europe and Asia.

U.S. Carloads were down 7.8 percent annually at 259,544, and intermodal volume was off 15.7 percent for the week ending February 21 at 213,617 containers and trailers.

About the Author

Jeff Berman, News Editor
Jeff Berman is Group News Editor for Logistics Management, Modern Materials Handling, and Supply Chain Management Review. Jeff works and lives in Cape Elizabeth, Maine, where he covers all aspects of the supply chain, logistics, freight transportation, and materials handling sectors on a daily basis. Contact Jeff Berman.

Comments

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


© Copyright 2015 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA