Labor Productivity for Transportation and Warehousing: Specialized Freight (Except Used Goods) Trucking, Long-Distance (NAICS 484230) in the United States
IPUIN484230L000000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
106.60
Year-over-Year Change
27.12%
Date Range
1/1/2002 - 1/1/2022
Summary
This trend measures labor productivity for specialized freight (except used goods) trucking, long-distance in the United States. It is an important indicator of efficiency and competitiveness in the transportation and 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 labor productivity measure tracks the real output per hour of all persons engaged in this industry. It is a key metric for analyzing productivity trends and their impact on costs, pricing, and competitiveness.
Methodology
The data is collected and calculated by the U.S. Bureau of Labor Statistics through surveys of transportation and warehousing establishments.
Historical Context
This productivity metric is closely monitored by policymakers, industry analysts, and logistics companies.
Key Facts
- Productivity in this industry increased 33% from 2007 to 2021.
- The U.S. has over 450,000 specialized freight trucking companies.
- Trucking accounts for 79% of freight transportation in the U.S.
FAQs
Q: What does this economic trend measure?
A: This trend measures labor productivity for specialized freight (except used goods) trucking, long-distance in the United States. It tracks real output per hour worked in this transportation industry.
Q: Why is this trend relevant for users or analysts?
A: This productivity metric is an important indicator of efficiency and competitiveness in the transportation and logistics sector, which is closely monitored by policymakers, industry analysts, and companies.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Labor Statistics through surveys of transportation and warehousing establishments.
Q: How is this trend used in economic policy?
A: This productivity measure is used by policymakers, economists, and industry analysts to assess the competitiveness and efficiency of the transportation and logistics sector, which is crucial for the broader economy.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately one quarter.
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Citation
U.S. Federal Reserve, Labor Productivity for Transportation and Warehousing: Specialized Freight (Except Used Goods) Trucking, Long-Distance (NAICS 484230) in the United States (IPUIN484230L000000000), retrieved from FRED.