Sectoral Output for Transportation and Warehousing: General Freight Trucking (NAICS 4841) in the United States
IPUIN4841T300000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
363,952.53
Year-over-Year Change
82.83%
Date Range
1/1/1992 - 1/1/2024
Summary
This economic trend measures the output of the general freight trucking industry in the United States. It is a key indicator of transportation and logistics activity, providing insights into the broader economy.
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 Sectoral Output for Transportation and Warehousing: General Freight Trucking (NAICS 4841) metric tracks the production levels of companies engaged in general freight trucking within the United States. This data point is used by economists and policymakers to assess the health and performance of the transportation and logistics sectors.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on survey responses from businesses in the general freight trucking industry.
Historical Context
This economic trend is closely monitored by analysts, as it reflects the broader demand for goods movement and can signal shifts in consumer and business activity.
Key Facts
- General freight trucking accounts for over 80% of total U.S. freight transportation revenue.
- The industry employs more than 1.8 million people in the United States.
- Trucking is the primary mode of freight transportation, moving over 70% of domestic cargo tonnage.
FAQs
Q: What does this economic trend measure?
A: This trend measures the output or production levels of companies engaged in general freight trucking within the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the health and performance of the transportation and logistics sectors, which are crucial indicators of broader economic activity.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on survey responses from businesses in the general freight trucking industry.
Q: How is this trend used in economic policy?
A: Analysts and policymakers closely monitor this trend as it reflects the demand for goods movement and can signal shifts in consumer and business activity.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, with some potential for minor revisions in subsequent releases.
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Citation
U.S. Federal Reserve, Sectoral Output for Transportation and Warehousing: General Freight Trucking (NAICS 4841) in the United States (IPUIN4841T300000000), retrieved from FRED.