BTS says Freight TSI is flat from April to May
The BTS said that the May TSI at 109.6 was unchanged from April and is 16.3 percent higher than April 2009’s low point during the recession.
in the NewsRightHand Robotics partners with PALTAC Corp. February Truck tonnage sees slight decline compared to January, reports ATA The Changing Landscape of Barcode Labeling Forward Air to acquire FSA Logistics in move to expand last mile service offerings Panjiva reports U.S.-bound shipments fall for first time in 24 months in February More News
The Department of Transportation’s Bureau of Transportation Statistics (BTS) reported today that its Freight Transportation Services Index (TSI) was flat 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 May TSI at 109.6 was unchanged from April and is 16.3 percent higher than April 2009’s low point during the recession. It is also down 3.8 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 the Freight TSI has shown little change since dropping in January from its December peak, with the recent slowing down in the Freight TSI reflecting “slowing growth in the general economy.”
May’s Freight TSI reading were at the fifth highest monthly level since the July 2008, when the recession was first taking hold.
On an annual basis, the May Freight TSI is up 4.3 percent compared to May 2011.
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.
LM Viewpoint on E-commerce Logistics: Time to simplify Six Warehouse Management Trends to Watch in 2019 View More From this Issue