Posts Tagged ‘U.S. DOT Bureau of Transportation Statistics’

DOT Freight Index Set Record in May

July 17, 2017

The U.S. Department of Transportation said last week that its Freight Transportation Services Index was a record 126.8 in May, besting the previous best of 126.0 set in February 2017.

The index is based on the amount of freight carried by for-hire transportation entities and it increased by 2.2 percent from April.

The Freight TSI registered its largest month-over-month gain since it rose 2.9 percent from November to December 2011, DOT Bureau of Transportation Statistics said.

“The May increase was broad-based, with gains in most modes, especially water and pipeline, while air freight and trucking were stable,” BTS officials said in a statement. “The increase took place despite mixed performance in other indicators in May.”

The Freight TSI increased 1.8 percent in May compared with the same period in 2016.

The Passenger TSI, which is based on month-to-month changes in travel provided by air, local transit and intercity rail services, fell 0.2 percent in May.

However, the Passenger TSI index of 126.7 was a 1.4 percent increase from May 2016.

May’s combined TSI of 126.7 was a 1.4 percent increase from April 2017 and a 3.3 percent from May 2016.

DOT Transportation Index Fell in March

May 16, 2016

This past March was a good one for air freight, but not much else in the transportation field, the U.S. Department of Transportation found.

The department’s Bureau of Transportation Statistics said its combined Transportation Services Index was 121.3, down 0.5 percent from February’s level and 0.9 percent from March 2015’s figure.

US DOTThe index measures the monthly output of rail, trucking, inland waterway, pipeline and air freight service providers.

March’s Freight TSI of 120.0 fell 0.9 percent on a month-over-month basis and 2.4 percent on a year-over-year basis.

The Freight TSI’s March drop showed declines in all areas except air freight, which rebounded after a significant decline in February.

“The decrease was driven by continued weakness in the mining (including oil and gas well drilling, and servicing), utility and manufacturing sectors of the economy,” the bureau said in a news release.

The March’s Passenger TSI of 124.0 increased 0.4 percent from February’s level and 2.6 percent from March 2015’s mark. The index measures the monthly output of air, local transit and intercity rail service providers.

In the first quarter, the TSI decreased 0.8 percent, Freight TSI declined 1.2 percent and Passenger TSI dipped 0.2 percent from their levels set at 2015’s end.