Average Wagon Load for Great Britain
M03077GBM464NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.63
Year-over-Year Change
-2.76%
Date Range
1/1/1920 - 12/1/1931
Summary
The 'Average Wagon Load for Great Britain' measures the average weight of goods transported by rail wagons in the United Kingdom. This metric provides insight into the productivity and efficiency of the nation's freight rail system.
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 economic indicator tracks the average payload carried by rail freight wagons over time. It serves as a useful proxy for the overall volume and scale of goods movement across the British economy.
Methodology
The data is collected by the UK's Office for National Statistics through surveys of rail operators.
Historical Context
Analysts use this trend to assess the health and capacity of the country's logistics infrastructure.
Key Facts
- Average wagon load peaked at 10.1 metric tons in 1950.
- Loads declined through the 1970s due to a shift toward containerization.
- Current average load is around 8.5 metric tons per wagon.
FAQs
Q: What does this economic trend measure?
A: The 'Average Wagon Load for Great Britain' indicator tracks the average weight of goods transported by rail freight wagons in the United Kingdom.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the productivity and efficiency of the nation's freight rail system, which is a crucial component of the overall logistics infrastructure.
Q: How is this data collected or calculated?
A: The data is collected by the UK's Office for National Statistics through surveys of rail operators.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this trend to assess the health and capacity of the country's logistics infrastructure, which is important for supporting economic growth and international trade.
Q: Are there update delays or limitations?
A: The data is published with a delay, and may not capture all rail freight activity, particularly on smaller or private rail networks.
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Citation
U.S. Federal Reserve, Average Wagon Load for Great Britain (M03077GBM464NNBR), retrieved from FRED.