Real Sectoral Output for Transportation and Warehousing: General Freight Trucking (NAICS 4841) in the United States
IPUIN4841T011000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.60
Year-over-Year Change
14.29%
Date Range
1/1/1993 - 1/1/2024
Summary
This economic trend measures the real output of the general freight trucking industry in the United States. It is a key indicator of transportation and logistics activity, which is crucial for understanding broader economic conditions.
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 (NAICS 4841) metric tracks the inflation-adjusted production levels of the general freight trucking sector. This industry plays a vital role in the U.S. supply chain and serves as a barometer for the health of the broader economy.
Methodology
The data is calculated by the Federal Reserve based on output volume and price information.
Historical Context
Policymakers and analysts monitor this trend to gauge the strength of the transportation and logistics industries.
Key Facts
- General freight trucking accounts for over $300 billion in annual revenue in the U.S.
- The industry employs more than 1.8 million people nationwide.
- Trucking represents over 80% of the total U.S. freight transportation market.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real output of the general freight trucking industry in the United States, providing insight into the production levels of this critical transportation and logistics sector.
Q: Why is this trend relevant for users or analysts?
A: The general freight trucking industry is a key barometer of broader economic conditions, as it plays a vital role in the U.S. supply chain. Monitoring this trend can help policymakers and analysts gauge the strength of the transportation and logistics sectors.
Q: How is this data collected or calculated?
A: The Federal Reserve calculates this metric based on output volume and price information for the general freight trucking industry.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this trend to assess the health of the transportation and logistics industries, which are crucial for the broader economy. It provides insight into supply chain dynamics and can inform decision-making related to infrastructure, trade, and economic stimulus policies.
Q: Are there update delays or limitations?
A: The Federal Reserve publishes this data on a monthly basis, but there may be a lag of several weeks between the reference period and the release of the latest figures.
Related Trends
Employment for Transportation and Warehousing: Used Household and Office Goods Moving (NAICS 48421) in the United States
IPUIN48421W201000000
Real Sectoral Output for Transportation and Warehousing: Postal Service (NAICS 49111) in the United States
IPUIN49111T010000000
Hours Worked for Transportation and Warehousing: Interurban and Rural Bus Transportation (NAICS 48521) in the United States
IPUIN48521L200000000
Labor Productivity for Transportation and Warehousing: Postal Service (NAICS 491) in the United States
IPUIN491L000000000
Hours Worked for Transportation and Warehousing: Charter Bus Industry (NAICS 485510) in the United States
IPUIN485510L010000000
Hours Worked for Transportation and Warehousing: Air Transportation (NAICS 481) in the United States
IPUIN481L010000000
Citation
U.S. Federal Reserve, Real Sectoral Output for Transportation and Warehousing: General Freight Trucking (NAICS 4841) in the United States (IPUIN4841T011000000), retrieved from FRED.