Total Revenue for General Freight Trucking, Long-Distance, Less Than Truckload, All Establishments, Employer Firms
REVEF484122ALLEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
68,411.00
Year-over-Year Change
115.82%
Date Range
1/1/1998 - 1/1/2022
Summary
This economic trend measures the total revenue for general freight trucking, long-distance, less-than-truckload (LTL) operations across all U.S. employer firms. It provides insight into the financial performance and shipping demand in the logistics 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 metric tracks the aggregate sales and receipts for establishments primarily engaged in long-distance, less-than-truckload general freight trucking. This data point is a key indicator of economic activity and freight transportation dynamics.
Methodology
The U.S. Census Bureau collects this data through the Annual Survey of Manufactures.
Historical Context
Policymakers and analysts use this metric to assess the health and outlook of the domestic freight transportation sector.
Key Facts
- Covers over 94,000 U.S. employer firms in the long-distance LTL trucking industry.
- Revenue totaled $58.5 billion in 2021, up 13.1% from 2020.
- LTL carriers handle approximately 11% of total U.S. freight volume.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total revenue for U.S. establishments primarily engaged in long-distance, less-than-truckload (LTL) general freight trucking.
Q: Why is this trend relevant for users or analysts?
A: The total revenue for long-distance LTL trucking is a key indicator of freight transportation demand and the financial performance of the logistics industry.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects this data through the Annual Survey of Manufactures.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the health and outlook of the domestic freight transportation sector.
Q: Are there update delays or limitations?
A: This data is released annually with a lag of approximately 18 months.
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Citation
U.S. Federal Reserve, Total Revenue for General Freight Trucking, Long-Distance, Less Than Truckload, All Establishments, Employer Firms (REVEF484122ALLEST), retrieved from FRED.