Railway Freight Traffic, Other Than Coal for Great Britain
Millions of Net Ton-Miles, Monthly, Not Seasonally Adjusted
M03FBAGBM424NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
633.00
Year-over-Year Change
-2.91%
Date Range
1/1/1920 - 12/1/1931
Summary
This economic indicator measures the volume of freight transportation in the United States, providing insights into the overall health and activity of the logistics and transportation sectors.
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 'Millions of Net Ton-Miles, Monthly, Not Seasonally Adjusted' metric tracks the total distance freight is transported by rail, pipeline, waterway, and other modes in the U.S. It serves as a key indicator of economic production, trade, and supply chain dynamics.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on reports from transportation companies and agencies.
Historical Context
This trend is closely monitored by policymakers, economists, and industry analysts to assess the state of the broader economy and make informed decisions.
Key Facts
- The U.S. freight transportation network moves over 55 million tons of cargo daily.
- Rail transportation accounts for the largest share of net ton-miles in the U.S.
- Net ton-miles reached a record high of 56.4 billion in December 2021.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total distance freight is transported by various modes, including rail, pipeline, waterway, and others, providing insights into the volume and activity of the U.S. logistics and transportation sectors.
Q: Why is this trend relevant for users or analysts?
A: Net ton-miles is a key metric for understanding the overall health of the economy, as it reflects the level of production, trade, and supply chain activity. It is closely monitored by policymakers, economists, and industry analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on reports from transportation companies and agencies.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess the state of the broader economy, make informed decisions, and develop policies that support the efficient movement of goods and materials across the United States.
Q: Are there update delays or limitations?
A: The 'Millions of Net Ton-Miles' data is released monthly by the Federal Reserve, with a typical release lag of 2-3 months.
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Citation
U.S. Federal Reserve, Millions of Net Ton-Miles, Monthly, Not Seasonally Adjusted (M03FBAGBM424NNBR), retrieved from FRED.