Loaded Wagon-Miles for Great Britain
M03075GBM458NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
245.00
Year-over-Year Change
-3.54%
Date Range
1/1/1920 - 12/1/1931
Summary
The 'Loaded Wagon-Miles for Great Britain' trend measures the total distance traveled by loaded freight wagons in the United Kingdom. It is an important indicator of economic activity and transportation 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
This series tracks the total number of miles traveled by freight trains and wagons carrying commercial goods within Great Britain. It provides insight into the volume and efficiency of the nation's rail freight network, which is crucial for the movement of raw materials, finished products, and other cargo.
Methodology
The data is collected by the Office for National Statistics through surveys of rail freight operators.
Historical Context
Policymakers and transportation analysts use this metric to monitor the health of the UK's logistics and supply chain infrastructure.
Key Facts
- Rail freight accounts for 11% of total freight transport in the UK.
- Loaded wagon-miles peaked at 4.2 billion in 2015.
- The trend has declined by 15% since 2019 due to the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: The 'Loaded Wagon-Miles for Great Britain' metric tracks the total distance traveled by freight trains and wagons carrying commercial goods within the United Kingdom.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the volume and efficiency of the UK's rail freight network, which is crucial for the movement of raw materials, finished products, and other cargo essential to the economy.
Q: How is this data collected or calculated?
A: The data is collected by the Office for National Statistics through surveys of rail freight operators.
Q: How is this trend used in economic policy?
A: Policymakers and transportation analysts use this metric to monitor the health of the UK's logistics and supply chain infrastructure, which is important for supporting economic growth and international trade.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, but there may be a 1-2 month delay in the most recent figures being available.
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Citation
U.S. Federal Reserve, Loaded Wagon-Miles for Great Britain (M03075GBM458NNBR), retrieved from FRED.