Worst Freight Volumes Since 2009...(:-o...

It's free with fuel purchase. They need fuel.

 

She used to though

 

None of those people spend much except on goat chow

 

So the article in the OP of this thread is made up?

You are confusing the concept of Freight Volume with 'volume of freight'.

 

Not confused with anything.

Not made up, just conveniently left out the part(s)that didn't fit the narrative.

 

Ok sounds now you are admitting there is such a concept of Freight Volume from your original comment that it was a made uo term, correct?

It is ok to admit you had never heard of Freight Volume before this thread and was thinking Freight Volume meant volume of freight.

 

For the almost 50 years I've been in this it has always been Ton/mile. Which is more accurate.
I know the difference, unlike some.

Use whatever term you want to.

 

What exactly are you calculating with the formula: Ton/mile?

 

Didn't use AI, didn't even google it because it's econ 101 stuff.

I don't use AI, because of things like the last sentence. The study it links to is about revisions to GDP estimates, specifically in regards to increasing unemployment. When unemployment goes up, apparently when the numbers are reviewed in 6 months and a year they typically find that the unemployment number remains relatively unchanged while the GDP estimate gets revised downward. An argument was made about automatically discounting or lowering the GDP estimate whenever unemployment rises, but the paper concluded that sometimes the estimate is revised upwards. Not GDP itself, which dropped, just not by as much as they originally thought.

 

It used to be the standard for measuring a lot of things like profitability and economic health. It's still valuable in water, rail, and pipeline shipments - just not as much for truckload. And there's a lot of value in being able to compare today to historical data, so the TSI is pretty important for macro level policy decisions.

The change happened with computers. Ton miles are easy to record and calculate with, but computers make it easier to track, collate, calculate, and utilize operating ratios from individual shipments all the way up to enterprise level.