Freight Rate Index for United States
M03013USM324NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
157.50
Year-over-Year Change
0.00%
Date Range
1/1/1900 - 12/1/1925
Summary
The Freight Rate Index for the United States measures the overall trend in freight rates for domestic transportation. It is a key indicator for the logistics and shipping industry, reflecting changes in transportation costs.
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 Freight Rate Index tracks the average price levels for freight services in the U.S. It covers a range of freight modes including trucking, rail, and air cargo. The index is used by policymakers, logistics firms, and economists to gauge inflationary pressures and the overall state of the freight transport market.
Methodology
The index is calculated by the U.S. Bureau of Labor Statistics based on surveys of freight service providers.
Historical Context
Trends in the Freight Rate Index can signal shifts in supply chain dynamics and consumer demand that are relevant for economic policy decisions.
Key Facts
- The index uses 2012 as its base year of 100.
- Freight rates make up a significant portion of overall logistics costs for many businesses.
- The index covers domestic freight across multiple modes, including truck, rail, and air.
FAQs
Q: What does this economic trend measure?
A: The Freight Rate Index measures the overall level of freight rates and transportation costs within the United States.
Q: Why is this trend relevant for users or analysts?
A: Freight rates are a key input for logistics and supply chain costs, so changes in the index can signal broader economic conditions and inflationary pressures.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Labor Statistics calculates the Freight Rate Index based on surveys of freight service providers.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor the Freight Rate Index to assess supply chain dynamics, logistics costs, and their potential impacts on inflation and consumer prices.
Q: Are there update delays or limitations?
A: The Freight Rate Index is published monthly with a lag of approximately two months.
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Citation
U.S. Federal Reserve, Freight Rate Index for United States (M03013USM324NNBR), retrieved from FRED.