Eastbound Freight Shipments for Chicago, IL
M03004US16980M605NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
62.10
Year-over-Year Change
-19.66%
Date Range
9/1/1887 - 6/1/1900
Summary
This economic trend tracks the volume of eastbound freight shipments originating from the Chicago, Illinois metropolitan area. It serves as an important indicator of regional logistics and transportation activity.
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 Eastbound Freight Shipments for Chicago, IL metric measures the monthly change in the volume of freight, such as goods, materials, and products, being transported out of the Chicago region via rail, truck, and other modes. This provides insight into the health and trends of the local and regional economy.
Methodology
The data is collected and reported by the U.S. Bureau of Transportation Statistics.
Historical Context
Economists and policymakers use this metric to assess the state of logistics, supply chains, and overall economic conditions in the Chicago metropolitan area and surrounding region.
Key Facts
- Chicago is a major transportation hub in the U.S.
- Freight shipments reflect economic activity and supply chain dynamics.
- Eastbound freight often includes agricultural and manufacturing exports.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly change in the volume of freight shipments originating from the Chicago, Illinois metropolitan area and moving eastward.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the health of regional logistics, supply chains, and the broader economy in the Chicago area.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Bureau of Transportation Statistics.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to assess economic conditions and make informed decisions regarding transportation infrastructure, trade, and regional economic development.
Q: Are there update delays or limitations?
A: The data is reported monthly, but there may be some delay in its release and publication.
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Citation
U.S. Federal Reserve, Eastbound Freight Shipments for Chicago, IL (M03004US16980M605NNBR), retrieved from FRED.