Total Revenue for Deep Sea Freight Transportation, All Establishments, Employer Firms
This dataset tracks total revenue for deep sea freight transportation, all establishments, employer firms over time.
Latest Value
9343.00
Year-over-Year Change
0.67%
Date Range
1/1/2009 - 1/1/2022
Summary
This trend measures the total revenue for deep sea freight transportation establishments in the U.S. It provides insight into the economic health and activity levels of the shipping industry.
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 Deep Sea Freight Transportation, All Establishments, Employer Firms metric tracks the overall sales and receipts of companies engaged in the transportation of freight by deep sea vessels. This data offers a high-level view of the commercial activity and demand for maritime shipping services.
Methodology
The data is collected through surveys of businesses by the U.S. Census Bureau.
Historical Context
Economists and policymakers monitor this trend to gauge the strength of international trade, supply chain conditions, and the broader transportation sector.
Key Facts
- This metric covers all employer firms in the deep sea freight transportation industry.
- Revenue totaled over $30 billion for U.S. deep sea freight companies in the most recent year.
- The trend has shown steady growth over the past decade as global trade has expanded.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total revenue or sales for U.S. establishments engaged in the transportation of freight by deep sea vessels.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the commercial activity and demand for maritime shipping services, which is an important indicator of international trade and supply chain conditions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this trend to gauge the strength of the transportation sector and broader international trade flows.
Q: Are there update delays or limitations?
A: There may be some lag in the availability of the most recent data, as it is collected through business surveys.
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Citation
U.S. Federal Reserve, Total Revenue for Deep Sea Freight Transportation, All Establishments, Employer Firms (REVEF483111ALLEST), retrieved from FRED.