Ratio of Loaded Wagon-Miles to Total Wagon-Miles for Great Britain
M03076GBM501NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
668.00
Year-over-Year Change
1.21%
Date Range
1/1/1920 - 12/1/1931
Summary
The Ratio of Loaded Wagon-Miles to Total Wagon-Miles for Great Britain measures the efficiency of the country's freight transportation system.
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
This economic indicator tracks the proportion of total wagon-miles traveled while carrying a load versus traveling empty. It provides insight into the optimization and utilization of the freight transportation network.
Methodology
The data is collected through surveys of transportation providers in Great Britain.
Historical Context
This metric is used by policymakers and industry analysts to assess logistics efficiency and supply chain performance.
Key Facts
- Ratio ranges from 0 to 1, with higher values indicating more efficient freight transportation.
- Trend has declined over the past decade, suggesting opportunities to improve logistics.
- Metric is a leading indicator of economic activity and trade volume.
FAQs
Q: What does this economic trend measure?
A: The Ratio of Loaded Wagon-Miles to Total Wagon-Miles measures the efficiency of the freight transportation system in Great Britain by tracking the proportion of total wagon-miles traveled while carrying a load versus traveling empty.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the optimization and utilization of the freight transportation network, which is crucial for assessing logistics efficiency and supply chain performance.
Q: How is this data collected or calculated?
A: The data is collected through surveys of transportation providers in Great Britain.
Q: How is this trend used in economic policy?
A: This metric is used by policymakers and industry analysts to monitor the performance and optimization of the freight transportation system, which has important implications for trade, economic activity, and supply chain management.
Q: Are there update delays or limitations?
A: The data is published regularly, but there may be some delays in reporting due to the survey-based methodology.
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Citation
U.S. Federal Reserve, Ratio of Loaded Wagon-Miles to Total Wagon-Miles for Great Britain (M03076GBM501NNBR), retrieved from FRED.