Total Revenue for Transit and Ground Passenger Transportation, Establishments Subject to Federal Income Tax
REV485TAXABL157QNSA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-6.10
Year-over-Year Change
-317.86%
Date Range
4/1/2010 - 1/1/2025
Summary
This economic indicator measures the total revenue for transit and ground passenger transportation businesses that are subject to federal income tax. It provides insights into the financial health and market activity of this critical transportation sector.
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 Total Revenue for Transit and Ground Passenger Transportation, Establishments Subject to Federal Income Tax tracks the aggregate revenue generated by companies in this industry, including taxis, buses, commuter rails, and other passenger transportation services. This metric is closely watched by economists and policymakers to assess the broader transportation and logistics landscape.
Methodology
The data is collected and calculated by the U.S. Census Bureau through quarterly surveys of businesses.
Historical Context
This revenue trend serves as an important barometer for consumer demand, infrastructure investment, and broader economic conditions.
Key Facts
- The transit and ground passenger transportation industry accounts for over $70 billion in annual revenue.
- This sector employs more than 600,000 workers in the United States.
- Revenue trends often correlate with broader shifts in consumer spending and economic growth.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total revenue generated by transit and ground passenger transportation businesses that are subject to federal income tax, including taxis, buses, commuter rails, and other passenger services.
Q: Why is this trend relevant for users or analysts?
A: This revenue metric provides important insights into the financial health and market activity of the transportation sector, which is a critical component of the broader economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau through quarterly surveys of businesses in the transit and ground passenger transportation industry.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this revenue trend as an indicator of consumer demand, infrastructure investment, and broader economic conditions.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis, with a typical lag of 2-3 months from the end of the reference period.
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Citation
U.S. Federal Reserve, Total Revenue for Transit and Ground Passenger Transportation, Establishments Subject to Federal Income Tax (REV485TAXABL157QNSA), retrieved from FRED.