Real Sectoral Output for Transportation and Warehousing: Specialized Freight (Except Used Goods) Trucking, Local (NAICS 484220) in the United States
IPUIN484220T010000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
102.56
Year-over-Year Change
47.31%
Date Range
1/1/2002 - 1/1/2022
Summary
This economic trend measures output in the specialized freight (except used goods) trucking, local industry within the broader transportation and warehousing sector in the United States. It is a key indicator for monitoring productivity and capacity in this important logistics subsector.
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: Specialized Freight (Except Used Goods) Trucking, Local (NAICS 484220) series tracks the volume of goods transported by local trucking companies that specialize in non-bulk freight. This metric offers insights into the operational efficiency and demand dynamics within a vital component of the U.S. logistics infrastructure.
Methodology
The data is collected through surveys of businesses in this industry by the U.S. Federal Reserve.
Historical Context
Policymakers and industry analysts use this metric to assess the health and capacity of local freight trucking services, which are crucial to supply chain operations and economic activity.
Key Facts
- This industry comprises establishments primarily engaged in providing local specialized trucking services.
- Output in this sector declined during the 2008-2009 recession but has since recovered to pre-pandemic levels.
- The U.S. has over 700,000 specialized freight trucking establishments, employing 1.2 million workers.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real output or production volume of the specialized freight (except used goods) trucking, local industry in the United States. It tracks the operational capacity and productivity of this key transportation and logistics subsector.
Q: Why is this trend relevant for users or analysts?
A: This metric offers valuable insights into the health and capacity of local freight trucking services, which are crucial to supply chain operations, inventory management, and broader economic activity. It is closely monitored by policymakers, industry analysts, and businesses.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses in this industry conducted by the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess the performance and capacity of a vital component of the U.S. logistics infrastructure, which informs decisions around transportation, supply chain, and economic policy.
Q: Are there update delays or limitations?
A: This data is published monthly with a lag of approximately two months, so there may be delays in accessing the most recent figures. Additionally, the survey-based methodology may have some limitations in capturing the full scope of activity in this dispersed industry.
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Citation
U.S. Federal Reserve, Real Sectoral Output for Transportation and Warehousing: Specialized Freight (Except Used Goods) Trucking, Local (NAICS 484220) (IPUIN484220T010000000), retrieved from FRED.