Revenue Ton-Miles Per Locomotive Assigned to Freight Service for United States
M03066USM604SNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,838.00
Year-over-Year Change
10.64%
Date Range
2/1/1920 - 8/1/1943
Summary
This economic trend measures the revenue ton-miles per locomotive assigned to freight service in the United States. It provides insights into the productivity and efficiency of the freight rail 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 revenue ton-miles per locomotive assigned to freight service is a key indicator of the productivity and efficiency of the freight rail industry. It represents the total number of revenue-generating tons of freight transported per locomotive used in freight service.
Methodology
The data is collected and calculated by the U.S. Federal Reserve.
Historical Context
This trend is closely monitored by economists, policymakers, and industry analysts to assess the performance and competitiveness of the freight rail sector.
Key Facts
- The U.S. freight rail industry moved over 1.6 trillion ton-miles of cargo in 2021.
- Freight rail is the most fuel-efficient mode of land transportation, consuming 3-4 times less fuel per ton-mile than trucks.
- The U.S. freight rail network spans over 140,000 miles of track.
FAQs
Q: What does this economic trend measure?
A: This trend measures the revenue ton-miles per locomotive assigned to freight service in the United States. It provides a metric for the productivity and efficiency of the freight rail industry.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for understanding the performance and competitiveness of the freight rail sector, which is a critical component of the U.S. transportation and logistics infrastructure.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by economists, policymakers, and industry analysts to assess the freight rail industry's capacity, efficiency, and competitiveness, which informs transportation and infrastructure policies.
Q: Are there update delays or limitations?
A: The data is published on a regular basis by the U.S. Federal Reserve, but there may be some delays in reporting due to the nature of data collection.
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Citation
U.S. Federal Reserve, Revenue Ton-Miles Per Locomotive Assigned to Freight Service for United States (M03066USM604SNBR), retrieved from FRED.