Passenger Car-Miles Per Train-Mile, Class I Railroads for United States
M0361AUSM257NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.32
Year-over-Year Change
-8.86%
Date Range
1/1/1920 - 12/1/1930
Summary
This economic trend measures the average number of passenger car-miles per train-mile for Class I railroads in the United States. It provides insights into the utilization and efficiency of passenger rail transportation.
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 passenger car-miles per train-mile metric represents the average number of passenger rail cars being transported per train. This statistic is used by economists and transportation analysts to assess the productivity and capacity utilization of the passenger rail network.
Methodology
The data is collected and reported by the U.S. Federal Railroad Administration.
Historical Context
This trend is relevant for understanding the performance and demand dynamics of the U.S. passenger rail system.
Key Facts
- Class I railroads operate the largest freight rail networks in the U.S.
- Passenger rail accounts for a small but important part of total rail activity.
- This metric has declined over the past decade as passenger rail ridership has fallen.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average number of passenger rail cars being transported per train by Class I railroads in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the productivity and utilization of the passenger rail network, which is important for transportation planning and infrastructure investment decisions.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Federal Railroad Administration.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, transportation agencies, and economists to monitor the performance and demand dynamics of the U.S. passenger rail system.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 2-3 month delay.
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Citation
U.S. Federal Reserve, Passenger Car-Miles Per Train-Mile, Class I Railroads for United States (M0361AUSM257NNBR), retrieved from FRED.