Real Sectoral Output for Transportation and Warehousing: Specialized Freight (Except Used Goods) Trucking, Long-Distance (NAICS 484230) in the United States
IPUIN484230T011000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.30
Year-over-Year Change
-105.26%
Date Range
1/1/2003 - 1/1/2022
Summary
This economic trend measures the real output of the specialized freight (except used goods) trucking, long-distance industry in the United States. It is an important indicator of transportation and logistics activity and a key component of 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 Real Sectoral Output for Transportation and Warehousing: Specialized Freight (Except Used Goods) Trucking, Long-Distance (NAICS 484230) series tracks the real (inflation-adjusted) output of this industry over time. It provides insight into the productivity and performance of this critical transportation sector.
Methodology
The data is collected and calculated by the U.S. Federal Reserve as part of its industrial production indices.
Historical Context
This trend is closely monitored by policymakers, economists, and logistics firms to gauge economic conditions and the health of the transportation industry.
Key Facts
- This industry accounts for over $250 billion in annual revenue.
- Trucking is the primary mode of freight transportation in the U.S., moving over 70% of all goods.
- The long-distance trucking segment is a critical link in supply chains across many industries.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real (inflation-adjusted) output of the specialized freight (except used goods) trucking, long-distance industry in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the productivity and performance of the critical long-distance trucking industry, which is a key component of the broader transportation and logistics sectors.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve as part of its industrial production indices.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers, economists, and logistics firms to gauge economic conditions and the health of the transportation industry, which has important implications for overall economic activity.
Q: Are there update delays or limitations?
A: The data is subject to the same update schedule and potential revisions as other Federal Reserve industrial production statistics.
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Citation
U.S. Federal Reserve, Real Sectoral Output for Transportation and Warehousing: Specialized Freight (Except Used Goods) Trucking, Long-Distance (NAICS 484230) in the United States (IPUIN484230T011000000), retrieved from FRED.