Freight Receipts, Selected Railways for Great Britain
M03005GBM591NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,086.00
Year-over-Year Change
-1.81%
Date Range
3/1/1878 - 7/1/1914
Summary
This economic indicator tracks the value of freight receipts for selected major railway companies in Great Britain. It provides insight into the volume and value of goods transported by rail, a key component of the country's logistics and transportation 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 Freight Receipts, Selected Railways for Great Britain series measures the total revenue generated from freight transport on the rail networks of major railway companies in the United Kingdom. This metric is used by economists and policymakers to monitor the health and performance of the nation's freight rail industry.
Methodology
The data is collected directly from the financial reporting of participating railway companies.
Historical Context
This trend is closely watched as a barometer of economic activity and trade, as freight rail transport is a critical component of the logistics supply chain.
Key Facts
- Freight rail accounts for over 10% of the UK's domestic freight transport.
- Rail freight is a more energy-efficient and environmentally-friendly mode of goods transport.
- Freight receipts have grown steadily over the past decade as trade volumes have increased.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total revenue earned by major railway companies in Great Britain from the transport of freight goods and commodities.
Q: Why is this trend relevant for users or analysts?
A: Freight rail transport is a crucial component of the UK's logistics infrastructure, so this metric provides insight into the health and performance of this industry, which has implications for the broader economy.
Q: How is this data collected or calculated?
A: The data is collected directly from the financial reporting of the participating railway companies.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this indicator as a barometer of trade volumes, economic activity, and the broader performance of the transportation and logistics sectors.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with a typical 2-3 month lag, and may be subject to revisions over time.
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Citation
U.S. Federal Reserve, Freight Receipts, Selected Railways for Great Britain (M03005GBM591NNBR), retrieved from FRED.