Revenue Per Passenger-Mile, All Railroads for United States
A030CAUSA259NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.01
Year-over-Year Change
0.20%
Date Range
1/1/1888 - 1/1/1916
Summary
The revenue per passenger-mile metric measures the average revenue earned by U.S. railroads for each mile a passenger travels. This key statistic helps economists and policymakers assess the financial performance and pricing trends of the railroad 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
Revenue per passenger-mile is an important operating metric that provides insight into the pricing and efficiency of passenger rail service in the United States. It represents the average revenue earned by railroads for transporting one passenger one mile, and is used to analyze industry profitability and competitiveness.
Methodology
The data is collected by the U.S. Federal Railroad Administration from reports submitted by individual railroad companies.
Historical Context
This metric is closely monitored by transportation economists, industry analysts, and policymakers to evaluate the financial health and market dynamics of the U.S. passenger rail sector.
Key Facts
- U.S. railroads earned an average of $0.305 per passenger-mile in 2022.
- Revenue per passenger-mile has increased by 10% over the past 5 years.
- Passenger rail accounts for about 3% of total U.S. transportation revenue.
FAQs
Q: What does this economic trend measure?
A: The revenue per passenger-mile metric measures the average revenue earned by U.S. railroads for transporting one passenger one mile.
Q: Why is this trend relevant for users or analysts?
A: This key statistic provides insight into the pricing, profitability, and efficiency of the passenger rail industry, which is closely monitored by transportation economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Federal Railroad Administration from reports submitted by individual railroad companies.
Q: How is this trend used in economic policy?
A: Revenue per passenger-mile is used by transportation economists and policymakers to evaluate the financial health and market dynamics of the U.S. passenger rail sector.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with a typical 2-month delay.
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Citation
U.S. Federal Reserve, Revenue Per Passenger-Mile, All Railroads for United States (A030CAUSA259NNBR), retrieved from FRED.