Revenue Ton-Miles Per Serviceable Freight Locomotive, Class I Railroads for United States
M03055USM594NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,342.00
Year-over-Year Change
17.93%
Date Range
1/1/1920 - 8/1/1943
Summary
This economic trend measures the revenue ton-miles per serviceable freight locomotive for Class I railroads in the United States. It provides insights into the efficiency and productivity of the rail freight industry, which is a crucial component of the broader transportation infrastructure.
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 revenue ton-miles per serviceable freight locomotive is a metric that represents the total revenue-generating weight of freight transported per operational locomotive within the Class I railroad system. This measure is used to analyze the utilization and performance of rail freight assets, which informs investment decisions and policy discussions.
Methodology
The data is collected and reported by the U.S. Federal Railroad Administration.
Historical Context
This trend is closely monitored by policymakers, transportation analysts, and industry stakeholders to assess the health and competitiveness of the rail freight sector.
Key Facts
- Class I railroads account for the majority of U.S. rail freight activity.
- Efficient rail freight operations help reduce transportation costs and environmental impact.
- This metric has implications for investment in locomotive technology and maintenance.
FAQs
Q: What does this economic trend measure?
A: This trend measures the revenue ton-miles per serviceable freight locomotive for Class I railroads in the United States. It reflects the productivity and utilization of rail freight assets.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the efficiency and competitiveness of the rail freight industry, which is a critical component of the broader transportation infrastructure. It informs investment decisions and policy discussions.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Federal Railroad Administration.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers, transportation analysts, and industry stakeholders to assess the health and competitiveness of the rail freight sector, which has implications for investment, regulations, and broader economic policy.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, but there may be a lag in availability depending on the reporting process.
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Citation
U.S. Federal Reserve, Revenue Ton-Miles Per Serviceable Freight Locomotive, Class I Railroads for United States (M03055USM594NNBR), retrieved from FRED.