By LM Staff ·
February 11, 2022
The United States Department of Transportation’s Bureau of Transportation Statistics (BTS) recently reported that its Freight Transportation Services Index (Freight TSI) saw a slight decline in December, the most recent month for which data is available.
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 airfreight.
The December reading—at 136.4—marked a decline on the heels of three straight month of gains, following fourth months of declines, said BTS, with the Freight TSI up 1.0% annually compared to a 1.3% annual decline from December 2019 to December 2020.
BTS said the December’s reading is 4.0% below the all-time Freight TSI high—at 142.1—set in August 2019. And it attributed the November to December decline to seasonally adjusted decreases in air freight, rail carloads, and rail intermodal while water, pipeline, and trucking grew.
The Freight TSI saw gains in six months throughout 2021, with six months of declines, for a cumulative 1.0% gain for the year. The December reading is 9.0% above the April 2020 pandemic low.
February 11, 2022
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!
packers and movers bangalore
packers and movers bangalore near me
packers and movers bangalore cost
packers and movers bangalore to hyderabad
packers and movers bangalore price
packers and movers bangalore marathahalli
packers and movers bangalore to chennai
The post Freight TSI declines for the first time in four months, reports BTS first appeared on shrisaimovers.
Packers And Movers Banashankari Bangalore a Packers And Movers Banashankari Bangalore a Packers And Movers Jayanagar Packers And Movers Jayanagar Packers and movers Packers and movers in peenya Packers and movers in peenya Packers and movers near me Packers and movers near me Yelahanka Packers and movers Yelahanka Packers And Movers Btm Layout Packers And Movers Btm Layout Packers And Movers Koramangala Packers And Movers Koramangala Packers And Movers Hsr Layout Packers And Movers Hsr Layout Packers And Movers Bommanahalli Packers And Movers Bommanahalli Packers And Movers Begur Road Packers And Movers Begur Road Local Packers And Movers Bangalore Local Packers And Movers Bangalore Packers And Movers Ramamurthy Nagar Packers And Movers Ramamurthy Nagar Packers and movers Bangalore Packers and movers Bangalore