Expenses for General Freight Trucking, Long-Distance, Less Than Truckload, All Establishments, Employer Firms
This dataset tracks expenses for general freight trucking, long-distance, less than truckload, all establishments, employer firms over time.
Latest Value
57400.00
Year-over-Year Change
79.66%
Date Range
1/1/2004 - 1/1/2022
Summary
This economic trend measures the operating expenses for general freight trucking companies that provide less-than-truckload long-distance shipping services. It's an important indicator of transportation costs and logistics activity in the U.S. economy.
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 Expenses for General Freight Trucking, Long-Distance, Less Than Truckload (LTL) metric tracks the average monthly expenses incurred by employer-based freight trucking firms providing LTL services over long distances. This data provides insights into the operational costs and financial health of this critical logistics industry.
Methodology
The data is collected through surveys of freight transportation companies by the U.S. Census Bureau.
Historical Context
Trends in LTL freight trucking expenses can signal changes in broader economic activity and have implications for transportation, logistics, and supply chain management.
Key Facts
- Trucking accounts for over 80% of freight transportation in the U.S.
- LTL freight services transport smaller shipments than full truckload.
- Freight transportation costs are a major component of overall logistics expenses.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average monthly operating expenses incurred by freight trucking companies that provide long-distance, less-than-truckload (LTL) shipping services in the United States.
Q: Why is this trend relevant for users or analysts?
A: Trends in LTL freight trucking expenses provide insights into the financial health and operational costs of a critical logistics industry, with implications for broader economic activity and supply chain management.
Q: How is this data collected or calculated?
A: The data is collected through surveys of freight transportation companies by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Analysts and policymakers monitor this metric to gauge transportation and logistics activity, which can inform decisions related to infrastructure investment, supply chain management, and economic policy.
Q: Are there update delays or limitations?
A: There may be a time lag in the availability of the most recent data, as it is collected and published by the U.S. Census Bureau.
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Citation
U.S. Federal Reserve, Expenses for General Freight Trucking, Long-Distance, Less Than Truckload, All Establishments, Employer Firms (GFTLLTTEAEE3484122), retrieved from FRED.