Amount of freight carried by U.S. for-hire transportation industry in March down 0.8% from February, yet 16% higher than the April 2009 low during the recession: U.S. DOT
Kendall Sinclair
WASHINGTON
,
May 9, 2012
(press release)
–
Five Years: Freight Transportation Services Index, April 2007-March 2012
The amount of freight carried by the for-hire transportation industry fell 0.8 percent in March from February, declining after a one-month increase, according to the U.S. Department of Transportation’s Bureau of Transportation Statistics’ (BTS) Freight Transportation Services Index (TSI) released today. The March level was 16.0 percent above the April 2009 low during the recession (Tables 1, 2A).
BTS, a part of the Research and Innovative Technology Administration, reported that the level of freight shipments measured by the Freight TSI, 109.4, declined from December 2011’s mark of 113.7 which was the all-time high since 1990 when BTS’ TSI records began (Table 2A). See historical TSI data.
The Freight TSI measures the month-to-month changes in freight shipments by mode of transportation 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.
Trend: Freight shipments in March 2012 (109.4) were at the fourth highest level since the early recession month of July 2008 despite the 3.8 percent decline from December 2011 (113.7 on the index), which was the highest level in the 22-year history of the series. After dipping to a recent low in April 2009 (94.3) during the recession, freight shipments increased in 23 of the last 35 months, rising 16.0 percent during that period (Tables 2, 2A). For additional historical data, go to http://www.bts.gov/xml/tsi/src/index.xml.
Index highs and lows: Freight shipments in March 2012 (109.4) rose 16.0 percent from the recent low in April 2009 during the recession (94.3). In April 2009, freight shipments were at their lowest level since June 1997 (92.3). The March 2012 level is down 3.8 percent from the historic freight shipment peak reached in December 2011 (113.7).
Long-term trend: Freight shipments are down 1.2 percent in the five years from pre-recession of March 2007 and up 10.9 percent in the 10 years from March 2002 despite declines in recent years (Table 5).
Same month of previous year: March 2012 freight shipments rose 0.8 percent from March 2011 and 14.1 percent from March 2009, during the recession, but remain below the level of March 2007 (110.8) (Tables 4, 5).
1st Quarter Changes: The Freight TSI fell 3.8 percent in the first Quarter , the first quarterly decline after two consecutive increases. The index rose in nine of the last 11 quarters (Table 10).
The TSI is a seasonally adjusted index that measures changes from the monthly average of the base year of 2000. It includes historic data from 1990 to the present. Release of the April index is scheduled for June 13.
For a webinar on the TSI, see Past Webinars. For a video explanation of the TSI, see Overview of the Transportation Services Index. A BTS report explaining the TSI, Transportation Services Index and the Economy, is available for download.
Passenger Index: The TSI for passengers rose 0.5 percent in March from its February level (Table 6). The Passenger TSI March 2012 level of 116.7 was 2.1 percent above the March 2011 level (Table 7). The index is unchanged in five years and up 25.1 percent in 10 years (Table 5).
The passenger TSI measures the month-to-month changes in travel conducted in the for-hire passenger transportation sector. The seasonally adjusted index consists of data from air, local transit and intercity rail.
Combined Index: The combined freight and passenger TSI fell 0.4 percent in March from its February level (Table 8). The combined TSI March 2012 level of 111.3 was 1.1 percent above the March 2011 level (Table 9). The combined index is down 0.9 percent in five years and up 14.8 percent in 10 years despite recent declines (Table 5). The combined TSI merges the freight and passenger indexes into a single index.
Revisions: TSI numbers for November (Freight, Passenger and Combined) were revised because of revisions in the output data of the component transportation services. The November Freight TSI is 108.9, revised from 109.5 reported in last month’s release. The November Passenger TSI is 115.3 revised from 115.6. The November Combined TSI is 110.6, revised from 111.1. The TSI for December, January, February and March are preliminary.
TSI revision policy: TSI is updated monthly with the latest four months’ index numbers considered preliminary. Each month BTS releases the latest preliminary TSI, and replaces the oldest preliminary TSI with a revised TSI. More information about the monthly revision policy, is available at http://www.bts.gov/xml/tsi/src/index.xml
More information about the comprehensive revision conducted with the March release is provided under 2011 Comprehensive Revision at http://www.bts.gov/xml/tsi/src/index.xml.
Table 1: Freight, Passenger and Combined Transportation Services Indexes since September 2011
Percent Change by Month
(Seasonally Adjusted, Monthly Average of 2000 = 100)
Freight
Passenger
Combined
Index
Pct. Change
Index
Pct. Change
Index
Pct. Change
September
109.1
1.1
115.2
1.4
110.7
1.2
October
108.8
-0.3
114.8
-0.4
110.4
-0.3
NovemberR
108.9
0.1
115.3
0.5
110.6
0.2
DecemberP
113.7
4.4
116.3
0.8
114.4
3.4
JanuaryP
109.7
-3.6
116.4
0.1
111.5
-2.5
FebruaryP
110.3
0.5
116.1
-0.3
111.8
0.3
MarchP
109.4
-0.8
116.7
0.5
111.3
-0.4
Table 2: Freight Transportation Services Index Monthly Changes, 2009-2012
Percent change from previous month
2009 % Change
2010 % Change
2011 % Change
2012 % Change
January
-2.4
0.5
1.0
(P) -3.6
February
2.8
1.1
-1.4
(P) 0.5
March
-4.0
1.2
2.0
(P) -0.8
April
-1.6
0.1
-1.0
May
0.3
0.5
-2.1
June
1.0
-0.1
2.5
July
1.6
0.3
-0.2
August
1.5
-0.4
0.4
September
-0.5
1.1
1.1
October
-0.7
0.2
-0.3
November
2.9
-0.7
(R) 0.1
December
0.6
2.4
(P) 4.4
Table 2A: Freight Transportation Services Index by Month, 2009-2012
2009
2010
2011
2012
January
97.1
101.1
107.9
(P) 109.7
February
99.8
102.3
106.4
(P) 110.3
March
95.9
103.6
108.6
(P) 109.4
April
94.3
103.7
107.4
May
94.6
104.2
105.2
June
95.5
104.0
107.8
July
97.1
104.3
107.6
August
98.5
103.9
108.0
September
98.0
105.0
109.1
October
97.3
105.2
108.8
November
100.1
104.4
(R) 108.9
December
100.7
106.9
(P) 113.7
Table 3: Freight, Passenger and Combined Transportation Services Indexes Year-to-Date Change, 2003-2012
Percent change from December 2011 to March 2012
Year
Freight
Passenger
Combined
2003
-0.9
-4.0
-1.7
2004
1.9
1.8
1.8
2005
1.4
1.9
1.5
2006
-0.5
2.0
0.2
2007
0.9
2.1
1.3
2008
-0.2
-0.1
-0.2
2009
-3.6
-1.9
-3.1
2010
2.9
0.7
2.3
2011
1.5
1.0
1.4
2012P
-3.8
0.4
-2.7
Table 4: Freight Transportation Services Index from Year-to-Year
Percent Change in the March Freight TSI
(Monthly average of 2000 = 100)
March Freight TSI
Percent change from same month previous year
2003
103.5
4.9
2004
109.4
5.8
2005
111.7
2.1
2006
110.9
-0.7
2007
110.8
-0.1
2008
109.6
-1.0
2009
95.9
-12.5
2010
103.6
8.0
2011
108.6
4.8
2012P
109.4
0.8
Table 5: Transportation Services Indexes from Previous Years
Percent Change to 2011 (March to March)
Since March...
Duration in years
Freight TSI Percent change to March 2012
Passenger TSI Percent change to March 2012
Combined TSI Percent change to March 2012
2011
1
0.8
2.1
1.1
2010
2
5.6
5.3
5.6
2009
3
14.1
7.4
12.2
2008
4
-0.2
-0.2
-0.2
2007
5
-1.2
0.0
-0.9
2006
6
-1.3
4.9
0.4
2005
7
-2.1
7.6
0.6
2004
8
0.0
14.2
3.8
2003
9
5.7
24.7
10.8
2002
10
10.9
25.1
14.8
Table 6: Passenger Transportation Services Index Monthly Changes, 2009-2012
Percent change from previous month
2009 % Change
2010 % Change
2011 % Change
2012 % Change
January
-1.0
0.6
0.2
(P) 0.1
February
0.5
-2.1
-0.2
(P) -0.3
March
-1.4
2.3
0.9
(P) 0.5
April
1.4
0.2
-0.1
May
-1.7
0.6
1.2
June
0.5
0.8
-0.6
July
1.5
-0.2
0.1
August
-0.1
0.2
-1.2
September
-0.6
1.0
1.4
October
0.1
0.9
-0.4
November
-0.1
-0.3
(R) 0.5
December
0.2
-1.0
(P) 0.8
Table 7: Passenger Transportation Services Index from Year-to-Year
Percent change in the March Passenger TSI
(Monthly average of 2000 = 100)
March Passenger TSI
Percent change from same month previous year
2003
93.6
0.4
2004
102.2
9.2
2005
108.4
6.1
2006
111.2
2.6
2007
116.6
4.9
2008
116.9
0.3
2009
108.7
-7.1
2010
110.8
2.0
2011
114.3
3.2
2012P
116.7
2.1
Table 8: Combined Transportation Services Index Monthly Changes, 2009-2012
Percent change from previous month
2009 % Change
2010 % Change
2011 % Change
2012 % Change
January
-2.0
0.5
0.7
(P) -2.5
February
2.2
0.2
-1.1
(P) 0.3
March
-3.3
1.5
1.7
(P) -0.4
April
-0.8
0.1
-0.8
May
-0.3
0.5
-1.2
June
0.9
0.1
1.6
July
1.6
0.1
-0.1
August
1.1
-0.2
-0.1
September
-0.5
1.0
1.2
October
-0.5
0.4
-0.3
November
2.1
-0.6
(R) 0.2
December
0.5
1.5
(P) 3.4
Table 9: Combined Transportation Services Index from Year-to-Year
Percent change in the March Combined TSI
(Monthly average of 2000 = 100)
March Combined TSI
Percent change from same month previous year
2003
100.5
3.6
2004
107.2
6.7
2005
110.7
3.2
2006
110.9
0.2
2007
112.3
1.3
2008
111.6
-0.7
2009
99.2
-11.1
2010
105.5
6.3
2011
110.1
4.4
2012P
111.3
1.1
Table 10: Freight Transportation Services Index Change by Quarter , 2003-2012
Percent change from the last month of the previous Quarter
Year
1st Quarter (Jan-Mar) % Growth
2nd Quarter (Apr-Jun) % Growth
3rd Quarter (Jul-Sep) % Growth
4th Quarter (Oct-Dec) % Growth
2003
-0.9
-1.0
1.8
3.0
2004
1.9
0.5
-0.4
0.6
2005
1.4
-0.6
-0.3
0.7
2006
-0.5
0.9
-0.6
-1.3
2007
0.9
-2.2
-0.2
1.6
2008
-0.2
0.1
-2.5
-7.0
2009
-3.6
-0.4
2.6
2.8
2010
2.9
0.5
0.9
1.9
2011
1.5
-0.7
1.3
(P) 4.2
2012
(P) -3.8
Table 11: Passenger Transportation Services Index Change by Quarter , 2003-2012
Percent change from the last month of the previous Quarter
Year
1st Quarter (Jan-Mar) % Growth
2nd Quarter (Apr-Jun) % Growth
3rd Quarter (Jul-Sep) % Growth
4th Quarter (Oct-Dec) % Growth
2003
-4.0
0.1
4.5
2.5
2004
1.8
2.1
-0.9
2.9
2005
1.9
0.5
0.9
-0.9
2006
2.0
0.1
-0.8
3.3
2007
2.1
0.4
0.7
-0.6
2008
-0.1
-0.3
-2.7
-2.3
2009
-1.9
0.1
0.8
0.3
2010
0.7
1.6
1.0
-0.4
2011
1.0
0.5
0.3
(P) 0.9
2012
(P) 0.4
Table 12: Combined Transportation Services Index Change by Quarter , 2003-2012
Percent change from the last month of the previous Quarter
Year
1st Quarter (Jan-Mar) % Growth
2nd Quarter (Apr-Jun) % Growth
3rd Quarter (Jul-Sep) % Growth
4th Quarter (Oct-Dec) % Growth
2003
-1.7
-0.7
2.6
2.9
2004
1.8
1.0
-0.5
1.2
2005
1.5
-0.2
0.0
0.2
2006
0.2
0.7
-0.7
0.0
2007
1.3
-1.5
0.0
1.0
2008
-0.2
0.0
-2.6
-5.8
2009
-3.1
-0.2
2.1
2.1
2010
2.3
0.8
0.9
1.2
2011
1.4
-0.4
1.0
(P) 3.3
2012
(P) -2.7
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