Hours Worked for Transportation and Warehousing: Line-Haul Railroads (NAICS 482111) in the United States
IPUIN482111L200000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
237.70
Year-over-Year Change
-19.28%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures the hours worked in the line-haul railroad industry, a critical component of the U.S. transportation and logistics sector. It provides insights into the operational capacity and productivity of this essential infrastructure.
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 Hours Worked for Transportation and Warehousing: Line-Haul Railroads (NAICS 482111) in the United States trend tracks the total number of employee hours worked in the line-haul railroad industry. It serves as an indicator of industry activity, labor utilization, and operational efficiency.
Methodology
The data is collected through surveys of businesses in the line-haul railroad industry.
Historical Context
This trend is closely monitored by policymakers, economists, and industry analysts to gauge the health and dynamics of the transportation and logistics sector.
Key Facts
- Line-haul railroads are a critical component of the U.S. freight transportation network.
- Railroads account for over 40% of total U.S. freight ton-miles.
- The U.S. line-haul railroad industry employs over 150,000 workers.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employee hours worked in the line-haul railroad industry, which is a key component of the U.S. transportation and logistics sector.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the operational capacity and productivity of the line-haul railroad industry, which is crucial for understanding the overall health and dynamics of the U.S. transportation and logistics sector.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses in the line-haul railroad industry.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers, economists, and industry analysts to gauge the health and dynamics of the transportation and logistics sector, which is vital for the broader economy.
Q: Are there update delays or limitations?
A: The data is published on a regular basis, with some potential for minor delays in data collection and reporting.
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Citation
U.S. Federal Reserve, Hours Worked for Transportation and Warehousing: Line-Haul Railroads (NAICS 482111) in the United States (IPUIN482111L200000000), retrieved from FRED.