Hours Worked for Transportation and Warehousing: General Freight Trucking (NAICS 4841) in the United States
IPUIN4841L010000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
100.28
Year-over-Year Change
7.16%
Date Range
1/1/1987 - 1/1/2024
Summary
This economic trend measures the hours worked in the general freight trucking industry (NAICS 4841) within the United States. It provides valuable insights into the labor dynamics of a crucial logistics sector.
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: General Freight Trucking (NAICS 4841) in the United States is an important indicator for economists and policymakers to assess the operational capacity and productivity trends within the freight trucking industry, a vital component of the nation's supply chain and logistics infrastructure.
Methodology
This data is collected by the U.S. Federal Reserve through surveys of businesses in the general freight trucking industry.
Historical Context
Trends in this metric can inform economic and transportation policy decisions, as well as market analysis of the freight and logistics sectors.
Key Facts
- General freight trucking accounts for over $300 billion in annual revenue in the U.S.
- The trucking industry employs over 3.5 million people in the United States.
- Trucking is responsible for transporting over 70% of all freight tonnage in the U.S.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total hours worked in the general freight trucking industry (NAICS 4841) within the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the labor dynamics and operational capacity of a critical logistics sector, which is essential for understanding supply chain performance and economic activity.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Federal Reserve through surveys of businesses in the general freight trucking industry.
Q: How is this trend used in economic policy?
A: Trends in this metric can inform economic and transportation policy decisions, as well as market analysis of the freight and logistics sectors.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag, and may be subject to revisions.
Related Trends
Employment for Transportation and Warehousing: Other Pipeline Transportation (NAICS 4869) in the United States
IPUIN4869W200000000
Employment for Transportation and Warehousing: Other Support Activities for Transportation (NAICS 48899) in the United States
IPUIN48899W010000000
Total Factor Productivity for Transportation and Warehousing: Line-Haul Railroads (NAICS 482111) in the United States
IPUIN482111M001000000
Employment for Transportation and Warehousing: General Warehousing and Storage (NAICS 49311) in the United States
IPUIN49311W200000000
Hours Worked for Transportation and Warehousing: Postal Service (NAICS 491110) in the United States
IPUIN491110L200000000
Output per Worker for Transportation and Warehousing: Specialized Freight Trucking (NAICS 4842) in the United States
IPUIN4842W001000000
Citation
U.S. Federal Reserve, Hours Worked for Transportation and Warehousing: General Freight Trucking (NAICS 4841) in the United States (IPUIN4841L010000000), retrieved from FRED.