Labor Productivity for Transportation and Warehousing: General Freight Trucking, Local (NAICS 484110) in the United States
IPUIN484110L000000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
100.84
Year-over-Year Change
28.91%
Date Range
1/1/1992 - 1/1/2024
Summary
This economic trend measures labor productivity in the general freight trucking, local (NAICS 484110) industry within the transportation and warehousing sector. It is a key indicator of operational efficiency and cost competitiveness in this vital logistics segment.
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 tracks changes in the ratio of real output to hours worked for this industry. It provides insights into how technology, automation, and operational practices impact the productivity of local freight trucking services, which are crucial to supply chains and regional economic activity.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics using establishment surveys and industry output measures.
Historical Context
Policymakers and industry analysts monitor this trend to assess the competitive position and underlying performance drivers of the local trucking segment.
Key Facts
- The index uses 2012 as the base year (2012=100).
- Productivity in this industry has increased by over 20% since 2012.
- Local freight trucking is a $130 billion industry in the U.S.
FAQs
Q: What does this economic trend measure?
A: This trend measures labor productivity in the general freight trucking, local (NAICS 484110) industry, which is a key indicator of operational efficiency and competitiveness in this vital logistics segment.
Q: Why is this trend relevant for users or analysts?
A: Monitoring labor productivity in local freight trucking provides insights into how technology, automation, and operational practices are impacting the cost-competitiveness and efficiency of this crucial supply chain component.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics using establishment surveys and industry output measures.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts monitor this trend to assess the competitive position and underlying performance drivers of the local trucking segment, which is vital to regional economic activity and supply chains.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months, so there may be delays in reflecting the most recent economic conditions.
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Citation
U.S. Federal Reserve, Labor Productivity for Transportation and Warehousing: General Freight Trucking, Local (NAICS 484110) in the United States (IPUIN484110L000000000), retrieved from FRED.