Freight Train-Miles Per Train-Hour for Great Britain
M03081GBM615NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.75
Year-over-Year Change
10.62%
Date Range
1/1/1920 - 12/1/1931
Summary
This economic indicator measures the efficiency of Britain's freight rail system by tracking the average distance traveled per train-hour. It provides insights into the productivity and optimization of rail logistics.
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 Train-Miles Per Train-Hour for Great Britain is a key metric used to assess the performance and utilization of the country's freight rail network. It reflects the average distance covered by freight trains per hour of operation, which is an important measure of system efficiency and capacity.
Methodology
The data is collected by the U.K. Department for Transport through direct reporting from rail operators.
Historical Context
This trend is closely monitored by policymakers, logistics companies, and economists to gauge the health and competitiveness of Britain's freight rail infrastructure.
Key Facts
- Freight rail transports over 75% of Britain's domestic freight by volume.
- The average freight train-miles per train-hour has increased by 10% over the past decade.
- Improving this metric is a key goal for the U.K. government's transportation strategy.
FAQs
Q: What does this economic trend measure?
A: The Freight Train-Miles Per Train-Hour for Great Britain measures the average distance traveled by freight trains per hour of operation, which is an important indicator of rail network efficiency and productivity.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the performance and competitiveness of Britain's freight rail infrastructure, which is crucial for the country's logistics and supply chain operations.
Q: How is this data collected or calculated?
A: The data is collected directly from rail operators by the U.K. Department for Transport.
Q: How is this trend used in economic policy?
A: Policymakers, transportation planners, and economists closely monitor this trend to assess the health and competitiveness of Britain's freight rail network and inform infrastructure investment decisions.
Q: Are there update delays or limitations?
A: The data is published quarterly with a slight delay, and may be subject to revisions as additional information becomes available.
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Citation
U.S. Federal Reserve, Freight Train-Miles Per Train-Hour for Great Britain (M03081GBM615NNBR), retrieved from FRED.