Revenue Ton-Miles Per Serviceable Freight Car, Class I Railroads for United States
M03056USM594NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
32.49
Year-over-Year Change
18.23%
Date Range
1/1/1920 - 8/1/1943
Summary
This economic trend measures the revenue ton-miles per serviceable freight car for Class I railroads in the United States. It provides insights into the efficiency and utilization of the freight rail system, which is a crucial component of the nation's 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 revenue ton-miles per serviceable freight car metric represents the total revenue-generating freight (in tons) transported per available freight car in the Class I railroad network. This indicator helps analysts and policymakers understand the productivity and capacity utilization of the freight rail system.
Methodology
The data is collected and calculated by the U.S. Federal Reserve through surveys of Class I railroad operators.
Historical Context
This trend is widely used by economists, transportation analysts, and policymakers to assess the health and efficiency of the freight rail industry and its impact on the broader economy.
Key Facts
- Class I railroads account for the majority of freight rail activity in the U.S.
- Revenue ton-miles is a key metric of freight rail productivity and efficiency.
- Freight rail plays a crucial role in the U.S. supply chain and economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the revenue ton-miles per serviceable freight car for Class I railroads in the United States. It provides insights into the efficiency and utilization of the freight rail system.
Q: Why is this trend relevant for users or analysts?
A: This trend is widely used by economists, transportation analysts, and policymakers to assess the health and efficiency of the freight rail industry and its impact on the broader economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve through surveys of Class I railroad operators.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers to monitor the performance and capacity of the freight rail system, which is a crucial component of the nation's transportation infrastructure and supply chain.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedules and practices of the Class I railroad operators, which may result in occasional update delays or limitations.
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Citation
U.S. Federal Reserve, Revenue Ton-Miles Per Serviceable Freight Car, Class I Railroads for United States (M03056USM594NNBR), retrieved from FRED.