Passenger-Miles Per Car-Mile, Class I Railroads for United States
Passenger-Miles, Monthly, Not Seasonally Adjusted
M0359BUSM503NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
34.40
Year-over-Year Change
30.30%
Date Range
1/1/1935 - 8/1/1943
Summary
This economic trend measures monthly passenger-miles, a key indicator of transportation and economic activity. It provides valuable insights for policymakers and analysts on travel patterns and infrastructure needs.
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
Passenger-miles represent the total number of miles traveled by passengers on various modes of transportation, including buses, trains, and airlines. This metric is used to gauge the level of passenger transportation demand and is an important input for transportation planning and investment decisions.
Methodology
The data is collected by the U.S. Department of Transportation through surveys and administrative records of transportation providers.
Historical Context
Trends in passenger-miles are closely monitored by government agencies, transportation companies, and economic analysts to understand changes in consumer behavior and the broader economy.
Key Facts
- Passenger-miles provide a comprehensive measure of travel activity across all modes of transportation.
- The data is released monthly by the U.S. Department of Transportation.
- Tracking passenger-miles helps policymakers plan for infrastructure and service investments.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of miles traveled by passengers on various modes of transportation, including buses, trains, and airlines.
Q: Why is this trend relevant for users or analysts?
A: Trends in passenger-miles are closely monitored by government agencies, transportation companies, and economic analysts to understand changes in consumer behavior and the broader economy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Department of Transportation through surveys and administrative records of transportation providers.
Q: How is this trend used in economic policy?
A: Passenger-mile data is used by policymakers and transportation planners to make decisions about infrastructure investments and service levels.
Q: Are there update delays or limitations?
A: The passenger-miles data is released monthly by the U.S. Department of Transportation, with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Passenger-Miles, Monthly, Not Seasonally Adjusted (M0359BUSM503NNBR), retrieved from FRED.