Net Ton-Miles Per Train-Mile, Class I Railroads for United States
M03046USM611NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,170.00
Year-over-Year Change
7.73%
Date Range
1/1/1920 - 8/1/1943
Summary
This economic trend measures the average distance freight is transported per train-mile for Class I railroads in the United States. It is an important indicator of freight rail efficiency and capacity 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
Net ton-miles per train-mile tracks the average payload carried by each freight train operated by major U.S. railroads. This metric reflects the productivity and operational efficiency of the rail freight network, which is crucial for monitoring supply chain performance and logistics costs.
Methodology
The data is collected and calculated by the U.S. Surface Transportation Board based on reports from Class I railroad companies.
Historical Context
This trend provides insight into the operational and asset utilization of the national freight rail system, which is a critical component of U.S. transportation infrastructure and the broader economy.
Key Facts
- Class I railroads account for over 90% of U.S. freight rail activity.
- The average net ton-miles per train-mile has increased by over 20% since 2000.
- Freight rail is the most fuel-efficient mode of surface transportation in the U.S.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average distance freight is transported per train-mile for major U.S. freight railroads, known as Class I railroads.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the productivity and operational efficiency of the U.S. freight rail network, which is crucial for monitoring supply chain performance and logistics costs.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Surface Transportation Board based on reports from Class I railroad companies.
Q: How is this trend used in economic policy?
A: This trend offers valuable information about the capacity and utilization of the national freight rail system, which is a critical component of U.S. transportation infrastructure and the broader economy.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 2-month lag, and may be subject to revisions by the reporting agencies.
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Citation
U.S. Federal Reserve, Net Ton-Miles Per Train-Mile, Class I Railroads for United States (M03046USM611NNBR), retrieved from FRED.