BTS reports Freight TSI is up in September from August

By Staff
November 10, 2011 - LM Editorial

The Department of Transportation’s Bureau of Transportation Statistics (BTS) reported on Wednesday that its Freight Transportation Services Index (TSI) increased 0.9 percent from in September from August.

This follows a 0.4 percent gain from July to August, flat growth from June to July, a 2.6 percent gain from May to June, and a 1.8 percent decline from April to 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 said that the August Freight TSI at 109.7 is its highest level since July 2008, which hit 109.9 and was followed by six straight months of declines. And after falling to a recent low level of 94.3 in April 2009, freight shipment levels have been up in 20 of the last 28 months, said BTS.

On an annual basis, the September Freight TSI reading of 109.6 is up 4.4 percent compared to September 2010 and 11.9 percent from September 2009, which are all below the all-time September high of 111.2 from 2006. For the first nine months of 2011freight shipments as measured by the Freight TSI are up 2.5 percent.

Freight shipments in September are up 16.2 percent from the recent low in April 2009 at 94.3, which were at the lowest level since June 1997 at 92.3. September is down 3.3 percent from the historic freight shipment peak in January 2005 at 113.3.

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

Slowing global trade and a bloated orderbook of large vessel capacity mean that container shipping is set for another three years of overcapacity and financial pain, according to the latest Container Forecaster report published by global shipping consultancy Drewry.

The NRF is calling for 2015 holiday sales to see a 3.7 percent annual gain to $630.5 billion, which comfortably outpaces the ten-year average of 2.5 percent.

On the heels of announcing it plans to acquire freight transportation and logistics services provider Con-way Inc. for $3 billion, XPO Logistics may be considering selling off Con-way Truckload, the company’s truckload arm.

The International Air Cargo Association (TIACA) has called on world leaders meeting at the United Nations this week to work together to find solutions to the ongoing migrant crisis in Europe

More than 20 U.S. port authority officials and their key staff, representing seaports from all four U.S. coasts, will gather on October 8 to meet with Congressional leadership to discuss the upcoming surface transportation bill and the U.S. Army Corps of Engineers’ navigation budget.

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.


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