{"id":5221,"date":"2014-12-10T10:55:36","date_gmt":"2014-12-10T16:55:36","guid":{"rendered":"http:\/\/midamericafreight.org\/?p=5221"},"modified":"2023-03-03T14:37:42","modified_gmt":"2023-03-03T20:37:42","slug":"tsi-confirmed-as-economic-indicator","status":"publish","type":"post","link":"https:\/\/midamericafreight.org\/index.php\/2014\/12\/10\/tsi-confirmed-as-economic-indicator\/","title":{"rendered":"TSI Confirmed as Economic Indicator"},"content":{"rendered":"<p>The Bureau of Transportation Statistics (BTS) recently released a new technical report,\u00a0<a href=\"http:\/\/www.rita.dot.gov\/bts\/sites\/rita.dot.gov.bts\/files\/publications\/special_reports_and_issue_briefs\/special_report\/2014_12_10\/html\/entire.html\">Transportation Services Index and the Economy\u2014Revisited<\/a>, that confirms that the Transportation Services Indexes (TSIs) both lead the economy, though in different ways.<\/p>\n<blockquote><p>BTS extended the TSI back to 1979, examining five re\u00adcessions and numerous growth cycles. \u201cWhen the accelerations and decelera\u00adtions of the freight TSI are compared to the growth cycles of the economy, the freight measure leads by an average of approximately four months,\u201d BTS said. \u201cThe passenger TSI exhibits fewer turning points, which were then identified as leading the business cycles of re\u00adcession and expansion, also by approximately four months.\u201d<\/p><\/blockquote>\n<p>The September 2014 Freight TSI rose for the third consecutive month and is now 2.1 percent higher than at the beginning of 2014.<\/p>\n<blockquote><p>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.\u00a0The index measures the\u00a0output of the for-hire freight transportation industry and\u00a0consists of data from for-hire trucking, rail, inland waterways, pipelines and air freight. The passenger TSI measures the month-to-month changes in travel that involves the services of the for-hire passenger transportation sector. The seasonally-adjusted index consists of data from air, local transit and intercity rail.<\/p><\/blockquote>\n<p><figure id=\"attachment_5222\" aria-describedby=\"caption-attachment-5222\" style=\"width: 458px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/midamericafreight.org\/wp-content\/uploads\/bts51_14.gif\"><img decoding=\"async\" class=\"size-full wp-image-5222\" src=\"http:\/\/midamericafreight.org\/wp-content\/uploads\/bts51_14.gif\" alt=\"Freight Transportation Services Index, September 2009- September 2014\" width=\"458\" height=\"293\" \/><\/a><figcaption id=\"caption-attachment-5222\" class=\"wp-caption-text\">Freight Transportation Services Index, September 2009- September 2014 (BTS)<\/figcaption><\/figure><br \/>\nFor more, consult the most recent release of the <a href=\"http:\/\/www.rita.dot.gov\/bts\/press_releases\/bts051_14\">Freight TSI<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Bureau of Transportation Statistics (BTS) recently released a new technical report,\u00a0Transportation Services Index and the Economy\u2014Revisited, that confirms that the Transportation Services Indexes (TSIs) both lead the economy, though in different ways. BTS extended the TSI back to 1979, examining five re\u00adcessions and numerous growth cycles. \u201cWhen the accelerations and decelera\u00adtions of the freight [&hellip;]<\/p>\n","protected":false},"author":10,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[17],"tags":[],"class_list":["post-5221","post","type-post","status-publish","format-standard","hentry","category-research"],"_links":{"self":[{"href":"https:\/\/midamericafreight.org\/index.php\/wp-json\/wp\/v2\/posts\/5221","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/midamericafreight.org\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/midamericafreight.org\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/midamericafreight.org\/index.php\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/midamericafreight.org\/index.php\/wp-json\/wp\/v2\/comments?post=5221"}],"version-history":[{"count":1,"href":"https:\/\/midamericafreight.org\/index.php\/wp-json\/wp\/v2\/posts\/5221\/revisions"}],"predecessor-version":[{"id":11296,"href":"https:\/\/midamericafreight.org\/index.php\/wp-json\/wp\/v2\/posts\/5221\/revisions\/11296"}],"wp:attachment":[{"href":"https:\/\/midamericafreight.org\/index.php\/wp-json\/wp\/v2\/media?parent=5221"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/midamericafreight.org\/index.php\/wp-json\/wp\/v2\/categories?post=5221"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/midamericafreight.org\/index.php\/wp-json\/wp\/v2\/tags?post=5221"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}