Train-Miles Per Train-Hour, Freight Service, Class I Railroads for United States
M03050USM614NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15.60
Year-over-Year Change
-3.11%
Date Range
1/1/1920 - 8/1/1943
Summary
This economic trend measures the productivity of freight trains operated by Class I railroads in the United States. It is an important indicator of operational efficiency and capacity in the rail transport industry.
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 train-miles per train-hour metric represents the average distance traveled by freight trains per unit of time. It reflects factors like locomotive power, network infrastructure, and operational management that impact rail transport productivity.
Methodology
The data is collected and calculated by the U.S. Federal Railroad Administration based on reports from Class I railroad companies.
Historical Context
This trend is closely monitored by transportation economists, policymakers, and industry analysts to assess the performance and competitiveness of the U.S. freight rail system.
Key Facts
- Freight rail carries over 30% of U.S. freight transport by ton-miles.
- Class I railroads account for over 90% of rail freight volume in the U.S.
- Improving train productivity is a key strategy for rail companies to boost efficiency.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average distance traveled by freight trains operated by Class I railroads in the United States per unit of time, indicating their operational productivity.
Q: Why is this trend relevant for users or analysts?
A: This metric is an important indicator of efficiency and capacity in the U.S. freight rail industry, which is crucial for the broader transportation and logistics sectors.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Railroad Administration based on reports from Class I railroad companies.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts closely monitor this trend to assess the performance and competitiveness of the U.S. freight rail system and inform transportation infrastructure and regulatory decisions.
Q: Are there update delays or limitations?
A: The data is published regularly by the Federal Reserve, with a typical update delay of 1-2 months. The metric may be influenced by factors like weather, maintenance, and operational changes at individual railroads.
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Citation
U.S. Federal Reserve, Train-Miles Per Train-Hour, Freight Service, Class I Railroads for United States (M03050USM614NNBR), retrieved from FRED.