Railroad Revenue Passenger-Miles, Other Than Commutation, Class I Railroads for United States
M0312DUSM429NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,752.00
Year-over-Year Change
-8.02%
Date Range
7/1/1921 - 3/1/1948
Summary
This economic trend measures the monthly volume of revenue passenger-miles traveled on Class I railroads in the United States, excluding commuter rail. It provides insight into the transportation sector and consumer demand for rail travel.
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 Railroad Revenue Passenger-Miles, Other Than Commutation, Class I Railroads for United States series tracks the total number of revenue passenger-miles generated by Class I railroads, which are the largest freight railroads in the country. This metric is a key indicator of activity and demand in the passenger rail industry.
Methodology
The data is collected and reported monthly by the U.S. Federal Railroad Administration.
Historical Context
This trend is closely monitored by transportation analysts, policymakers, and economists to assess the health and performance of the passenger rail sector.
Key Facts
- Class I railroads are the largest freight railroads in the United States.
- Passenger-miles exclude commuter rail and only measure long-distance travel.
- This trend provides insight into consumer preferences and economic activity.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of revenue passenger-miles traveled on Class I railroads in the United States, excluding commuter rail.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into consumer demand for long-distance rail travel and the overall performance of the passenger rail industry, which is an important part of the transportation sector.
Q: How is this data collected or calculated?
A: The data is collected and reported monthly by the U.S. Federal Railroad Administration.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by transportation analysts, policymakers, and economists to assess the health and performance of the passenger rail sector, which can inform infrastructure investment and transportation policies.
Q: Are there update delays or limitations?
A: The data is reported monthly, so there may be a short delay in the latest figures being available.
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Citation
U.S. Federal Reserve, Railroad Revenue Passenger-Miles, Other Than Commutation, Class I Railroads for United States (M0312DUSM429NNBR), retrieved from FRED.