Total Revenue for General Freight Trucking, Local, All Establishments, Employer Firms
REVEF48411ALLEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
59,261.00
Year-over-Year Change
197.76%
Date Range
1/1/1998 - 1/1/2022
Summary
The 'Total Revenue for General Freight Trucking, Local, All Establishments, Employer Firms' trend measures the total revenue generated by local freight trucking companies in the United States. This metric is an important indicator of economic activity and demand for transportation services.
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
This economic series represents the total revenue earned by general freight trucking companies that operate locally within the United States. It covers all employer establishments in the industry, providing insight into the overall size and performance of the local freight trucking sector.
Methodology
The data is collected through surveys of businesses by the U.S. Census Bureau.
Historical Context
Economists and policymakers monitor this trend to assess the health of the transportation and logistics industries.
Key Facts
- Trucking is a vital part of the U.S. economy, moving over 70% of domestic freight.
- The local freight trucking industry generates over $100 billion in annual revenue.
- Truck transportation is a key input cost for many businesses across sectors.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total revenue generated by local freight trucking companies in the United States, covering all employer establishments in the industry.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the overall size and performance of the local freight trucking sector, which is an important indicator of economic activity and demand for transportation services.
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 assess the health of the transportation and logistics industries, which are vital to the broader economy.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedules and methodology of the U.S. Census Bureau, which may result in occasional update delays or limitations.
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Citation
U.S. Federal Reserve, Total Revenue for General Freight Trucking, Local, All Establishments, Employer Firms (REVEF48411ALLEST), retrieved from FRED.