Miles Per Revenue Passenger Per Road, Commutation, Class I Railroads for United States
M03035USM374NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
17.10
Year-over-Year Change
-1.16%
Date Range
7/1/1921 - 12/1/1942
Summary
This economic trend measures the average miles traveled by revenue passengers per mile of commuter rail routes operated by Class I railroads in the United States. It is an important indicator of transportation efficiency and rail service utilization.
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 Miles Per Revenue Passenger Per Road metric provides insights into the productivity and capacity utilization of the U.S. commuter rail system. Economists and policymakers monitor this trend to understand trends in rail passenger transportation and assess the overall efficiency of the nation's public transit infrastructure.
Methodology
The data is collected by the U.S. Federal Railroad Administration from Class I railroad companies.
Historical Context
This metric is used to inform transportation policy decisions and infrastructure investment strategies.
Key Facts
- Class I railroads account for the majority of U.S. rail transportation.
- Commuter rail is a vital public transit option in many major metropolitan areas.
- Improving rail passenger efficiency can reduce road congestion and emissions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average miles traveled by revenue passengers per mile of commuter rail routes operated by Class I railroads in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the productivity and capacity utilization of the U.S. commuter rail system, which is crucial for informing transportation policy and infrastructure investment decisions.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Federal Railroad Administration from Class I railroad companies.
Q: How is this trend used in economic policy?
A: This metric is used by economists and policymakers to understand trends in rail passenger transportation and assess the overall efficiency of the nation's public transit infrastructure.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedules and methodologies of the Federal Railroad Administration and Class I railroad companies.
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Citation
U.S. Federal Reserve, Miles Per Revenue Passenger Per Road, Commutation, Class I Railroads for United States (M03035USM374NNBR), retrieved from FRED.