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

The index ISM uses to measure non-manufacturing growth—known as the NMI—was 56.9 in February, which was 0.2 percent ahead of January and also 0.1 percent ahead of the 12-month average of 56.8. Economic activity in the non-manufacturing sector has grown for the last 61 months, according to ISM.

Non asset-based third-party logistics (3PL) services and logistics technology services provider Transplace said today that Brooks Bentz has joined the company in a newly-created role as president of Transplace Consulting in conjunction with the launch of the company’s new North American consulting services practice.

The advent of e-commerce continues to grow and gain increased traction over time. The many ways for consumers to order and purchase goods online continues to expand and leads to various subsequent byproducts of online purchases, including shopping through multiple channels, and delivery and payment options, among other things. These types of topics serve as the thesis in the second annual UPS Pulse of the Online Shopper Global Study issued this week by UPS and comScore Inc.

A major highlight of CEVA’s fourth quarter performance was its new business wins, which were up 14 percent for all of 2014, with Freight Management wins up 14 percent, and Ocean Freight and Air Freight wins up 30 percent and 14 percent, respectively, while Contract Logistics wins were up 2 percent.

When an industry is changing rapidly, companies must adapt in order to survive. In this whitepaper, a global publisher was seeking a partner that could mitigate risk and build a platform flexible enough for their shifting customer expectations. The solution enabled the company to rewrite their operations game plan and transform their supply chain.

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