1907, from commercial verbal phrase in transit "on the way or passage, while passing from one to another" (1819, earlier in Latin form in transitu), from in + transit (n.).
Entries linking to in-transit
in adv., prep.
a Middle English merger of Old English in (prep.) "in, into, upon, on, at, among; about, during;" and Old English inne (adv.) "within, inside," from Proto-Germanic *in (source also of Old Frisian, Dutch, German, Gothic in, Old Norse i), from PIE root *en "in." The simpler form took on both senses in Middle English.
Sense distinction between in and on is from later Middle English, and nuances in use of in and at still distinguish British and American English (in school/at school). Sometimes in Middle English shortened to i.
The noun sense of "influence, access (to power or authorities)," as in have an in with, is first recorded 1929 in American English. to be in for it "certain to meet with something unpleasant" is from 1690s. To be in with "on friendly terms with" is from 1670s. Ins and outs "intricacies, complications of an action or course" is from 1660s. In-and-out (n.) "copulation" is attested from 1610s.
transit n.
mid-15c., "act or fact of passing across or through," from Latin transitus "a going over, passing over, passage," verbal noun from past participle of transire "cross over, go over, pass over, hasten over, pass away," from trans "across, beyond" (see trans-) + ire "to go" (from PIE root *ei- "to go"). Meaning "a transit of a planet across the sun" is from 1660s. Meaning "public transportation" is attested from 1873.