Freight Index Down From Month Before, Up Compared to Year Earlier
The amount of freight carried by the for-hire transportation industry fell 2.8% in January from December, declining for the second consecutive month, according to the U.S. Department of Transportation’s Freight Transportation Services Index released Wednesday
by Staff
March 12, 2014
Freight Transportation Services Index, January 2009-January 2014. Credit: U.S. DOT
1 min to read
Freight Transportation Services Index, January 2009-January 2014. Credit: U.S. DOT
The amount of freight carried by the for-hire transportation industry fell 2.8% in January from December, declining for the second consecutive month, according to the U.S. Department of Transportation’s Freight Transportation Services Index released Wednesday.
Ad Loading...
Despite the drop, January 2014 freight shipments were up 1.3% from January 2013 while the level of freight shipments in January 2014 was just 3.5% below the all-time high level of 117.6 in November 2013.
Ad Loading...
The index for each freight mode declined in January with the largest decline in trucking. This took place during a period of severe winter weather, which particularly hit the heavily populated parts of the country.
The Freight TSI measures the month-to-month changes in freight shipments by mode of transportation in tons and ton-miles, which are 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.
Speaking at the TMC Annual Meeting in Nashville, ATA President Chris Spear said trucking faces mounting pressure from rising fuel prices, geopolitical instability, and uncertainty around trade policy.
More than 100,000 new trucking companies enter the industry each year, but regulators manage to audit only a fraction of them. That churn creates opportunities for inexperienced startups — and for “chameleon carriers” that shut down after safety violations and reappear under new identities. Read more from Deborah Lockridge in this commentary.
HDTX is an intimate event that connects heavy-duty trucking fleet managers with industry suppliers through small-group discussions, educational sessions, and structured one-on-one meetings.
Optimal Dynamics says its new Scale platform uses AI agents and optimization to help carriers find and secure freight that improves network balance and profitability.
NACFE's Run on Less - Messy Middle project demonstrates the power of data in helping to guide the future of alternative fuels and powertrains for heavy-duty trucks.
A federal court ruling allows New York City’s congestion pricing program to continue, leaving truck tolls in place for fleets delivering into Manhattan.
Fontaine Modification has introduced a new customer portal designed to give fleets real-time visibility into the truck modification process, addressing one of the most common questions fleet managers face: “Where’s my truck?”