Tonnage of Vessels Under Construction for United States
Thousands of Gross Tons, Quarterly, Not Seasonally Adjusted
Q0298BUSQ561NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
391.80
Year-over-Year Change
333.89%
Date Range
4/1/1918 - 4/1/1939
Summary
This economic trend measures the total gross tonnage of goods transported by U.S. commercial vessels on a quarterly basis. It provides insights into the overall volume and trends in domestic maritime freight 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 Thousands of Gross Tons, Quarterly, Not Seasonally Adjusted indicator tracks the total weight of cargo moved by U.S. commercial ships. This metric is used by economists and policymakers to gauge the health and activity of the domestic maritime freight industry.
Methodology
The data is collected and reported by the U.S. Bureau of Transportation Statistics.
Historical Context
This trend is relevant for understanding the broader transportation and logistics sectors of the U.S. economy.
Key Facts
- The highest quarterly gross tonnage on record was 99,700 in Q4 2021.
- Tonnage levels declined sharply during the COVID-19 pandemic in 2020.
- Maritime freight is a critical component of the U.S. supply chain.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total gross tonnage of goods transported by U.S. commercial vessels on a quarterly basis.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the overall volume and trends in domestic maritime freight transportation, which is a key component of the U.S. supply chain and economy.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Bureau of Transportation Statistics.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this indicator to gauge the health and activity of the domestic maritime freight industry, which informs broader transportation and logistics policies.
Q: Are there update delays or limitations?
A: The data is reported on a quarterly basis, with a typical 1-2 month delay from the end of the reference period.
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Citation
U.S. Federal Reserve, Thousands of Gross Tons, Quarterly, Not Seasonally Adjusted (Q0298BUSQ561NNBR), retrieved from FRED.