Total Revenue for Specialized Freight Trucking, Establishments Subject to Federal Income Tax
REV4842TAXABL157QNSA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.50
Year-over-Year Change
316.67%
Date Range
4/1/2009 - 7/1/2024
Summary
This economic trend measures the total revenue generated by specialized freight trucking establishments subject to federal income tax. It provides insights into the financial performance and activity levels of this critical transportation sector.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Total Revenue for Specialized Freight Trucking, Establishments Subject to Federal Income Tax series tracks the quarterly revenue for trucking companies that transport specialized freight and are required to pay federal income taxes. This metric offers valuable insights into the financial health and operational scale of a key component of the logistics industry.
Methodology
The data is collected through surveys of specialized freight trucking establishments.
Historical Context
This trend is closely monitored by policymakers, market analysts, and industry participants to gauge the state of the transportation economy.
Key Facts
- Specialized freight trucking accounts for over $200 billion in annual revenue.
- Trucking is the primary mode of freight transportation in the United States.
- The sector employs over 1 million people in the U.S.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total revenue generated by specialized freight trucking establishments that are subject to federal income tax. It provides insights into the financial performance and activity levels of this critical transportation sector.
Q: Why is this trend relevant for users or analysts?
A: This trend is closely monitored by policymakers, market analysts, and industry participants to gauge the state of the transportation economy and identify trends that may impact logistics, supply chains, and broader economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of specialized freight trucking establishments.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the health of the transportation industry and make informed decisions about infrastructure investment, regulatory policies, and economic stimulus measures.
Q: Are there update delays or limitations?
A: The data is published quarterly, with a typical delay of 2-3 months. While comprehensive, the trend may not capture all specialized freight trucking activity, as it only includes establishments subject to federal income tax.
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Citation
U.S. Federal Reserve, Total Revenue for Specialized Freight Trucking, Establishments Subject to Federal Income Tax (REV4842TAXABL157QNSA), retrieved from FRED.