Revenue Per Freight Ton-Mile, Class I Railroads for United States
M033ACUSM270NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.40
Year-over-Year Change
2.04%
Date Range
1/1/1920 - 4/1/1956
Summary
This economic indicator measures the average revenue per freight ton-mile for Class I railroads in the United States. It provides insights into the pricing and efficiency of the freight rail industry, which is a critical component of the U.S. transportation and logistics 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 per freight ton-mile metric represents the average revenue received by Class I railroads for transporting one ton of freight over one mile. This measure is used by economists and policymakers to analyze trends in rail freight pricing, operational efficiency, and the overall competitiveness of the freight rail industry.
Methodology
The data is collected and reported by the U.S. Federal Railroad Administration.
Historical Context
This trend is closely monitored by transportation economists, supply chain analysts, and policymakers to assess the health and performance of the freight rail sector.
Key Facts
- Class I railroads account for over 90% of U.S. rail freight revenue.
- Freight rail is the most fuel-efficient mode of land transportation.
- The U.S. has the world's largest freight rail network, with over 140,000 miles of track.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the average revenue per freight ton-mile for Class I railroads in the United States. It provides insights into the pricing and efficiency of the freight rail industry.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely followed by transportation economists, supply chain analysts, and policymakers to assess the health and performance 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 reported by the U.S. Federal Railroad Administration.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and regulators to monitor the competitiveness and efficiency of the freight rail industry, which informs decisions related to transportation infrastructure investment, regulation, and economic policies.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 2-month delay, and it only covers Class I railroads, which account for the majority but not all of the U.S. freight rail industry.
Related Trends
Operating Expenses, Maintenance and Equipment, Class I Railroads for United States
M03039USM144NNBR
Railway Equipment and Joint Facility Rents, Net, Class I Railroads for United States
M03060USM144NNBR
Freight Train-Hours for Great Britain
Q03080GBQ568NNBR
Number of Messages Sent, Western Union Telegraph Company for United States
A0319AUSA579NNBR
Revenue Per Freight Ton-Mile, Thirteen Railroads for United States
A0303FUSA259NNBR
Total Revenue Passengers, Street Railways and Buses for United States
A032BBUSA442NNBR
Citation
U.S. Federal Reserve, Revenue Per Freight Ton-Mile, Class I Railroads for United States (M033ACUSM270NNBR), retrieved from FRED.