Labor Productivity for Transportation and Warehousing: General Freight Trucking, Local (NAICS 48411) in the United States
IPUIN48411L000000000 • 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 indicator measures labor productivity in the general freight trucking, local industry within the transportation and warehousing sector in the United States. It provides insight into the efficiency and output of this critical 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 general freight trucking, local firms. It serves as an important metric for analyzing productivity trends and operational efficiency in the transportation and logistics industry.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics based on production and labor input information.
Historical Context
Policymakers and industry analysts use this metric to assess the competitiveness and performance of the freight trucking sector.
Key Facts
- The base year for this index is 2012 = 100.
- General freight trucking, local accounts for over 40% of total trucking industry output.
- Productivity gains in this sector can lead to lower shipping costs and improved supply chain efficiency.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks labor productivity in the general freight trucking, local industry, which is a key component of the broader transportation and warehousing sector.
Q: Why is this trend relevant for users or analysts?
A: Monitoring productivity in freight trucking provides valuable insights into the operational efficiency and competitiveness of this critical logistics segment.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics based on production and labor input information.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts use this metric to assess the performance and competitiveness of the freight trucking sector, which has implications for broader transportation and logistics policies.
Q: Are there update delays or limitations?
A: This data is published on a quarterly basis by the Federal Reserve, with a lag of approximately two months.
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Citation
U.S. Federal Reserve, Labor Productivity for Transportation and Warehousing: General Freight Trucking, Local (NAICS 48411) in the United States (IPUIN48411L000000000), retrieved from FRED.