Freight Train-Hours for Great Britain
Q03080GBQ568NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,847.00
Year-over-Year Change
-7.28%
Date Range
1/1/1931 - 1/1/1939
Summary
The Freight Train-Hours for Great Britain measures the total number of hours freight trains operate within the United Kingdom. This metric provides insight into the level of goods transportation activity and the overall state of the British logistics industry.
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-Hours for Great Britain represents the total time that freight trains are in operation across the rail network in the UK. This statistic is used by economists and policymakers to gauge the volume of freight transportation and the health of the country's logistics and supply chain infrastructure.
Methodology
The data is collected by the Office for National Statistics through direct reporting from rail operators.
Historical Context
This trend is closely monitored by the government and industry groups to understand the state of the UK's freight rail system and its implications for economic activity.
Key Facts
- Freight trains in the UK operate 24 hours per day.
- Rail freight accounts for over 11% of total freight movement in the UK.
- The freight rail sector employs over 20,000 people in the UK.
FAQs
Q: What does this economic trend measure?
A: The Freight Train-Hours for Great Britain measures the total number of hours that freight trains operate within the United Kingdom's rail network.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the volume of freight transportation and the overall health of the UK's logistics and supply chain infrastructure, which is crucial for understanding economic activity.
Q: How is this data collected or calculated?
A: The data is collected by the Office for National Statistics through direct reporting from rail operators.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by the government and industry groups to understand the state of the UK's freight rail system and its implications for economic activity.
Q: Are there update delays or limitations?
A: The data is published on a regular schedule with minimal update delays.
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Citation
U.S. Federal Reserve, Freight Train-Hours for Great Britain (Q03080GBQ568NNBR), retrieved from FRED.