BTS Freight Transportation Services Index shows sequential and annual growth

The Department of Transportation’s Bureau of Transportation Statistics (BTS) reported today that its Freight Transportation Services Index (TSI) was up 0.9 percent in March from February and was up 2.6 percent year-over-year.

The annual increase, said the BTS, is the first annual gain for the Freight TSI since July 2008.

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.

At 97.8, the Freight TSI is up 4.5 percent from its recent low of 93.5 in May 2009, which was its lowest level since June 1997. The BTS said the Freight TSI is down 13.4 percent from its historic peak of 112.9 in May 2006.

Despite the sequential and annual increases, the Freight TSI is below all previous March levels since 1997. And it is down 12.5 percent in the five years from March 2005 and down 1.9 percent in the 10 years from March 2000.

BTS said the Freight TSI index has risen 4.5 percent over the last 10 months, starting in June, after declining 15.3 percent in the previous 10 months beginning in August 2008. The index has increased in eight of the last 10 months and started 2010 with an increase of 1.6 percent in the first three months.

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About jberman18

I am Group News Editor of Logistics Management Magazine and the Peerless Media/EH Publishing Supply Chain Group. This blog will primarily feature news items and blog postings on: trucking/rail/ocean/air/intermodal cargo and supply chain news and trends. It will also focus on 3PL/logistics technology/the economy as it pertains to logistics/rules and regulations and more.
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2 Responses to BTS Freight Transportation Services Index shows sequential and annual growth

  1. Please keep the information coming on rate and pricing trends in the logistics industry… It is hard to find good resources on these important trends.

  2. jberman18 says:

    Kenneth–Thanks for the comment. That is an important part of LM’s coverage. Please keep an eye out for the re-launch of logisticsmgmt.com soon, which will feature our monthly Pricing Trends column, as well as other pricing- and rates-related news and information. -Jeff Berman

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