Real Sectoral Output for Transportation and Warehousing: Specialized Freight (Except Used Goods) Trucking, Long-Distance (NAICS 48423) in the United States
IPUIN48423T010000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
102.67
Year-over-Year Change
48.83%
Date Range
1/1/2002 - 1/1/2022
Summary
This economic trend measures the real output of specialized freight (except used goods) trucking, long-distance (NAICS 48423) in the United States. It is an important indicator of activity 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 Real Sectoral Output for Transportation and Warehousing: Specialized Freight (Except Used Goods) Trucking, Long-Distance (NAICS 48423) tracks the production volume of this key transportation industry. It serves as a barometer for economic conditions and can inform policy decisions related to infrastructure, trade, and supply chain dynamics.
Methodology
The data is collected and calculated by the U.S. Federal Reserve as part of its industrial production index.
Historical Context
This metric is closely watched by economists, policymakers, and industry analysts to gauge the health of the broader transportation and logistics ecosystem.
Key Facts
- Specialized freight trucking accounts for over $300 billion in annual revenue in the U.S.
- Long-distance trucking makes up roughly half of the specialized freight trucking industry.
- The transportation and warehousing sector contributes over 5% to U.S. GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real output of the specialized freight (except used goods) trucking, long-distance (NAICS 48423) industry in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the performance and productivity of a key transportation sector, which is crucial for understanding broader economic conditions and supply chain dynamics.
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 index.
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 ecosystem, which informs decisions related to infrastructure investment, trade policies, and supply chain resilience.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical lag of 1-2 months. As with any economic indicator, there may be revisions to historical data over time.
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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 48423) (IPUIN48423T010000000), retrieved from FRED.