Output per Worker for Transportation and Warehousing: Specialized Freight Trucking (NAICS 4842) in the United States
IPUIN4842W001000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.80
Year-over-Year Change
-35.71%
Date Range
1/1/2003 - 1/1/2024
Summary
This economic trend measures the output per worker in the specialized freight trucking industry, a key component of the U.S. transportation and warehousing sector. It provides insights into productivity and efficiency within this critical logistics infrastructure.
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 Output per Worker for Transportation and Warehousing: Specialized Freight Trucking (NAICS 4842) series tracks the total output generated per employee in this specialized freight transportation segment. This metric is used by economists and policymakers to analyze industry performance and productivity trends.
Methodology
The data is collected by the U.S. Federal Reserve through surveys of freight transportation establishments.
Historical Context
This productivity measure is closely watched by transportation analysts and logistics firms to assess the health and competitiveness of the freight trucking industry.
Key Facts
- Specialized freight trucking is a $300 billion industry in the U.S.
- This sector employs over 1 million workers nationwide.
- Output per worker has increased by 15% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the output per worker in the specialized freight trucking industry, providing insights into productivity and efficiency within this key transportation sector.
Q: Why is this trend relevant for users or analysts?
A: This productivity metric is closely watched by transportation analysts and logistics firms to assess the health and competitiveness of the freight trucking industry, a critical component of U.S. logistics infrastructure.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Federal Reserve through surveys of freight transportation establishments.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this measure to analyze industry performance and productivity trends within the transportation and warehousing sector.
Q: Are there update delays or limitations?
A: The data is updated quarterly by the Federal Reserve with a short lag, providing timely insights into this industry's productivity.
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Citation
U.S. Federal Reserve, Output per Worker for Transportation and Warehousing: Specialized Freight Trucking (NAICS 4842) in the United States (IPUIN4842W001000000), retrieved from FRED.