Cost of Insurance for Truck Transportation, All Establishments, Employer Firms
This dataset tracks cost of insurance for truck transportation, all establishments, employer firms over time.
Latest Value
13212.00
Year-over-Year Change
104.11%
Date Range
1/1/2005 - 1/1/2022
Summary
This economic trend measures the cost of insurance for truck transportation businesses across all establishments and employer firms in the United States. It is an important indicator for understanding the operating costs and profitability of the trucking 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 Cost of Insurance for Truck Transportation, All Establishments, Employer Firms series tracks the expenses that trucking companies incur for insurance, such as liability, collision, and cargo coverage. This metric provides insights into the financial health and competitiveness of the transportation sector.
Methodology
The data is collected through surveys of businesses in the trucking industry.
Historical Context
Policymakers and industry analysts use this trend to assess the economic pressures facing the transportation sector.
Key Facts
- The cost of insurance accounts for a significant portion of overall operating expenses for trucking companies.
- Rising insurance costs can impact the profitability and competitiveness of the transportation sector.
- Monitoring this trend can provide insights into the financial health and challenges facing the trucking industry.
FAQs
Q: What does this economic trend measure?
A: This trend measures the cost of insurance for truck transportation businesses across all establishments and employer firms in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the financial health and competitiveness of the transportation sector, as insurance costs are a significant component of operating expenses for trucking companies.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses in the trucking industry.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts use this trend to assess the economic pressures facing the transportation sector and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to the timeliness and accuracy of the survey responses from businesses in the trucking industry.
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Citation
U.S. Federal Reserve, Cost of Insurance for Truck Transportation, All Establishments, Employer Firms (EXPCOIEF484ALLEST), retrieved from FRED.