Passenger-Miles Per Train-Mile, Class I Railroads for United States
M0352BUSM503NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
214.00
Year-over-Year Change
45.98%
Date Range
1/1/1929 - 8/1/1943
Summary
This economic trend measures the average number of passenger-miles per train-mile for Class I railroads in the United States. It is an important indicator of railroad efficiency and passenger 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
The passenger-miles per train-mile metric represents the average distance traveled by passengers per mile of train operation for the largest railroad companies. This data point provides insight into the productivity and capacity utilization of the U.S. rail passenger transportation system.
Methodology
The data is collected and calculated by the U.S. Federal Railroad Administration.
Historical Context
This trend is used by policymakers, economists, and transportation analysts to evaluate the performance and efficiency of the passenger rail industry.
Key Facts
- Class I railroads account for the largest freight and passenger rail networks in the U.S.
- Passenger-miles per train-mile has trended downward since the 1950s as air travel has become more prevalent.
- Improving this metric is a key goal for expanding the efficiency and appeal of passenger rail service.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average number of passenger-miles traveled per train-mile operated by Class I railroads in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the productivity and utilization of the U.S. passenger rail system, which is relevant for policymakers, transportation planners, and industry analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Railroad Administration.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and transportation analysts to evaluate the performance and efficiency of the passenger rail industry and inform infrastructure investment and regulatory decisions.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates from the Federal Railroad Administration, and may have lags or limitations in its coverage or methodology.
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Citation
U.S. Federal Reserve, Passenger-Miles Per Train-Mile, Class I Railroads for United States (M0352BUSM503NNBR), retrieved from FRED.