Total Revenue for Truck Transportation, Establishments Subject to Federal Income Tax
This dataset tracks total revenue for truck transportation, establishments subject to federal income tax over time.
Latest Value
103261.00
Year-over-Year Change
-5.55%
Date Range
1/1/2009 - 1/1/2025
Summary
This trend measures the total revenue generated by U.S. truck transportation establishments subject to federal income tax. It provides insights into the economic health and activity of the trucking industry, which is a key indicator of broader economic conditions.
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 Total Revenue for Truck Transportation metric tracks the gross sales and receipts of for-hire and private trucking companies in the United States. It serves as an important barometer for analysts and policymakers to gauge the strength and performance of the transportation and logistics sectors.
Methodology
The data is collected through surveys of business establishments by the U.S. Census Bureau.
Historical Context
This trend is closely monitored by government agencies, economic research institutions, and industry analysts to inform policy decisions and investment strategies.
Key Facts
- Trucking accounts for over 80% of freight transportation in the U.S.
- The trucking industry employs over 7 million people in the U.S.
- Truck transportation revenue totaled over $800 billion in 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total revenue generated by U.S. truck transportation establishments subject to federal income tax, providing insights into the economic performance of the trucking industry.
Q: Why is this trend relevant for users or analysts?
A: The Total Revenue for Truck Transportation trend is a key indicator of economic activity and the health of the transportation and logistics sectors, which are vital to the broader U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of business establishments by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by government agencies, economic research institutions, and industry analysts to inform policy decisions and investment strategies related to the transportation and logistics sectors.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, but there may be a delay of several weeks or months in the availability of the most recent figures.
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Citation
U.S. Federal Reserve, Total Revenue for Truck Transportation, Establishments Subject to Federal Income Tax (REV484TMSA), retrieved from FRED.