Real Sectoral Output for Transportation and Warehousing: General Freight Trucking, Long-Distance (NAICS 48412) in the United States
IPUIN48412T011000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.10
Year-over-Year Change
162.50%
Date Range
1/1/1988 - 1/1/2024
Summary
This economic trend measures the real output of the general freight trucking, long-distance industry in the United States. It is a key indicator of transportation and logistics activity, which is crucial for understanding overall economic performance.
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 Real Sectoral Output for Transportation and Warehousing: General Freight Trucking, Long-Distance (NAICS 48412) measures the inflation-adjusted production volume of this specific transportation subsector. It provides insights into the operational capacity and efficiency of long-haul freight trucking, a vital component of the U.S. supply chain.
Methodology
The data is calculated by the U.S. Federal Reserve based on surveys of transportation businesses.
Historical Context
This trend is closely monitored by policymakers, economists, and logistics firms to gauge the health of the broader economy and identify shifts in transportation demand.
Key Facts
- This industry accounts for over $300 billion in annual revenue.
- Long-distance trucking transports more than 70% of all freight tonnage in the U.S.
- The industry employs over 1 million workers nationwide.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real (inflation-adjusted) output of the general freight trucking, long-distance industry, which is a crucial component of the U.S. transportation and logistics sector.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the operational capacity and efficiency of long-haul freight trucking, which is a vital part of the U.S. supply chain and a key indicator of broader economic performance.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve based on surveys of transportation businesses.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers, economists, and logistics firms to gauge the health of the broader economy and identify shifts in transportation demand.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of 1-2 months.
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Citation
U.S. Federal Reserve, Real Sectoral Output for Transportation and Warehousing: General Freight Trucking, Long-Distance (NAICS 48412) (IPUIN48412T011000000), retrieved from FRED.