New York State Canal Traffic for United States
A03020USA601NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,539.00
Year-over-Year Change
-1.83%
Date Range
1/1/1837 - 1/1/1942
Summary
The New York State Canal Traffic for United States measures the volume of commercial goods transported via the New York State canal system. This trend is an important indicator of economic activity and trade flows in the Northeast region.
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 New York State Canal Traffic series tracks the total tonnage of freight transported on the New York State canal system, which includes the Erie, Champlain, Oswego, and Cayuga-Seneca canals. This data provides insight into the level of commercial activity and utilization of the state's critical inland waterway infrastructure.
Methodology
The data is collected and reported by the New York State Canal Corporation.
Historical Context
Policymakers and economists use this metric to assess regional economic trends and the performance of the state's transportation infrastructure.
Key Facts
- Canal traffic peaked in the late 19th century.
- Canals remain an important mode of freight transport in the Northeast.
- Trends in canal traffic can signal shifts in regional economic activity.
FAQs
Q: What does this economic trend measure?
A: The New York State Canal Traffic metric tracks the total tonnage of freight transported via the state's canal system, providing insight into regional commercial activity and trade.
Q: Why is this trend relevant for users or analysts?
A: This data is useful for policymakers and economists to assess the performance of the state's transportation infrastructure and monitor regional economic trends.
Q: How is this data collected or calculated?
A: The data is collected and reported by the New York State Canal Corporation.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this metric to evaluate the utilization and importance of the state's canal system for commercial freight transport and regional economic activity.
Q: Are there update delays or limitations?
A: There may be delays in the reporting of the latest canal traffic data by the state agency.
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Citation
U.S. Federal Reserve, New York State Canal Traffic for United States (A03020USA601NNBR), retrieved from FRED.