Labor Productivity for Transportation and Warehousing: Line-Haul Railroads (NAICS 482111) in the United States
IPUIN482111L000000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
107.93
Year-over-Year Change
22.64%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures labor productivity for line-haul railroads, a key component of the transportation and warehousing sector in the United States. It provides important insights into the efficiency and competitiveness of the rail industry.
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 labor productivity index for line-haul railroads (NAICS 482111) tracks changes in the ratio of real output to hours worked, offering a measure of how efficiently this industry utilizes labor. This data is used by economists and policymakers to assess productivity trends and inform decisions around infrastructure investment, regulatory policies, and economic planning.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics through a combination of surveys and industry data.
Historical Context
This productivity metric is closely monitored by both public and private stakeholders to understand the competitiveness and growth potential of the rail transportation sector.
Key Facts
- Line-haul railroads are a crucial component of the U.S. freight transportation system.
- Productivity growth in this industry can impact the cost and efficiency of goods movement.
- The rail sector accounts for a significant share of total transportation and logistics employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures labor productivity for line-haul railroads (NAICS 482111), which captures the ratio of real output to hours worked in this industry.
Q: Why is this trend relevant for users or analysts?
A: This productivity metric is important for understanding the efficiency and competitiveness of the rail transportation sector, which is a key component of the U.S. logistics and supply chain infrastructure.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Labor Statistics using a combination of surveys and industry data.
Q: How is this trend used in economic policy?
A: Policymakers and industry stakeholders closely monitor this productivity metric to inform decisions around infrastructure investment, regulatory policies, and economic planning for the transportation and logistics sectors.
Q: Are there update delays or limitations?
A: The data is subject to periodic revisions and may have lag times in reporting, but it provides a reliable indicator of productivity trends in the line-haul railroad industry.
Related Trends
Hours Worked for Transportation and Warehousing: Urban Transit Systems (NAICS 4851) in the United States
IPUIN4851L010000000
Employment for Transportation and Warehousing: General Freight Trucking, Long-Distance (NAICS 48412) in the United States
IPUIN48412W200000000
Output per Worker for Transportation and Warehousing: Truck Transportation (NAICS 484) in the United States
IPUIN484W000000000
Real Sectoral Output for Transportation and Warehousing: Specialized Freight (Except Used Goods) Trucking, Long-Distance (NAICS 48423) in the United States
IPUIN48423T010000000
Intermediate Inputs Productivity for Transportation and Warehousing: Air Transportation (NAICS 481) in the United States
IPUIN481P000000000
Output per Worker for Transportation and Warehousing: Postal Service (NAICS 491) in the United States
IPUIN491W001000000
Citation
U.S. Federal Reserve, Labor Productivity for Transportation and Warehousing: Line-Haul Railroads (NAICS 482111) in the United States (IPUIN482111L000000000), retrieved from FRED.