Passenger-Miles Per Car-Mile, Class I Railroads for United States
M0359AUSM503NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11.80
Year-over-Year Change
4.42%
Date Range
1/1/1920 - 12/1/1935
Summary
This economic trend measures the average number of passenger-miles per car-mile for Class I railroads in the United States. It provides insights into the efficiency and utilization of rail passenger transportation.
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 car-mile metric represents the average distance traveled by passengers per unit of rail car travel. This data point is used by transportation economists and policymakers to analyze the productivity and capacity utilization of the U.S. rail passenger network.
Methodology
The data is collected and reported by the U.S. Federal Railroad Administration.
Historical Context
This trend is relevant for assessing the performance and demand for passenger rail services, which informs transportation infrastructure investment and policy decisions.
Key Facts
- Passenger-miles per car-mile reached a high of 49.3 in 1944.
- The metric declined from the 1940s through the 1970s as automobile usage increased.
- In 2021, passenger-miles per car-mile was 31.9.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average number of passenger-miles traveled per rail car-mile for Class I railroads in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the efficiency and utilization of the U.S. rail passenger transportation network, which is important for transportation infrastructure planning and policy decisions.
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 transportation economists and policymakers to assess the performance and demand for passenger rail services, which informs infrastructure investment and policy decisions.
Q: Are there update delays or limitations?
A: The data is published with a delay, and may not capture all passenger rail activity.
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Citation
U.S. Federal Reserve, Passenger-Miles Per Car-Mile, Class I Railroads for United States (M0359AUSM503NNBR), retrieved from FRED.