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U.S. DOT Freight Index Shows Small Drop in February

As part of our news rotation on the Hot Shot Trucking blog, today sees the addition of a regular review of The Freight Transportation Services Index (TSI). Officially compiled by the United States Department of Transporation, the TSI information is released with the assistance of the Bureau of Transportation Statistics (BTS) and the index measures the total movement of freight and passengers.

Seasonally adjusted the data provides a good indication of the pulse and overall health of the nationwide trucking industry on a month-to-month basis but perhaps more importantly when comparing year-over-year data.

freight index nationwide truckingFebruary results which were published last week showed a fairly significant fall of 1.7 percent from January to February although there were underlying factors. By way of comparison, the index improved by less than 0.5 percent between December and January. The February index level was at 120.4 and to put that in perspective that figure is more than 27 percent higher than the April 2009 low-water mark set during the recent recession.

Also encouraging is that the February index sits at a point that is 2.4 percent higher than February of 2014. Industry experts have attributed the February decline, which wasn't anticipated, to a series of extreme winter storms that impacted large sections of the country during the month. That explanation certainly makes sense to us as it seemed that every four or five days another major storm was causing transportation chaos to much of the nation throughout the month in question. 

freight index 20 monthsMarch data will be eagerly awaited to see if an improvement is noted to help a return to gradual growth, whereas a decline of any sort will make some nervous as it could signify the early stages of a plateau or slight fall, particularly as it would mark the third decline in four months. We'll have that data for you in about four weeks time.

For more information, please visit the U.S. DOT website under 'news'.

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Automotive

The automotive supply chain already has significant challenges. Don’t let malfunctioning equipment stop the production line. Step on the gas with HotShotTrucking.com’s suite of services that will get you back in the fast lane. With HotShotTrucking.com, companies are devising shipping strategies to swiftly deliver critical parts and equipment — whether it's ground expedite service with sprinter vans, box trucks and 53-foot tractor trailers or air freight and air cargo.

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Aviation & Aerospace

Every moment a commercial airliner sits on the ground, it costs an airline money. Expedited freight services by HotShotTrucking.com can get you back in the air with prompt delivery of parts and equipment throughout North America. We are equipped with the expertise to navigate the complexities of shipping jet engines and other types of loads, and our network of hot shot drivers has extensive experience transporting aviation assets.

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Construction

One shipping delay can snowball and cause delays throughout your entire project. You need an experienced 3PL provider who understands the construction industry and has the logistical reach to deliver your freight on time, anywhere. That 3PL partner is HotShotTrucking.com. Whether in the air or on the ground via truck and trailer, we can connect companies to expedited freight services for the prompt delivery of parts and equipment throughout North America.

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Mining & Metals

From cranes to chemicals to excavators to conveyor belts, HotShotTrucking.com has the experience and industry know-how required for shipping sensitive, oversized, and hazardous equipment. Third-party hot shot trucking and logistics providers such as HotShotTrucking.com specialize in devising and implementing innovative shipping solutions, ensuring mines can swiftly return to operation. We’ll pick up your shipment, deliver it to the airport and receive it at the other end – providing hand-carried service as necessary or required.

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Manufacturing

Every moment a manufacturing facility or factory sits idle costs a company money because of the high costs involved. With many manufacturers building to only just-in-time production rates, any disruption threatens parts and vehicle inventories. This is where the speed and expertise of freight services from HotShotTrucking.com can make a difference throughout the entire manufacturing supply chain. We do all the logistical legwork to find the optimal solution for your job, whether it's an exclusive air charter or expedited ground shipping.

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Telecommunications

From servers to cell towers, information, voice, and data must flow to keep businesses, production, and the public online and connected. When equipment goes dark, depend on HotShotTrucking.com to get your systems flashing green again. This is where the speed and experience of trucking and freight services from HotShotTrucking.com can help. Our hot shot truck network excels at the prompt delivery of parts and equipment throughout North America.

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Oil & Gas

The oil and gas industry faces challenging conditions in offshore and onshore oil rigs, often in remote locations with limited infrastructure. Don’t let oil pumps or pipelines sit idle waiting for equipment. By having the right plans, parts, people, and logistics partner like HotShotTrucking.com, you can effectively mitigate plant or pump downtime, unscheduled disruptions, and equipment failures.

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