Total Revenue for General Freight Trucking, Long-Distance, Less Than Truckload, Establishments Subject to Federal Income Tax, Employer Firms
This dataset tracks total revenue for general freight trucking, long-distance, less than truckload, establishments subject to federal income tax, employer firms over time.
Latest Value
68411.00
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 establishments subject to federal income tax. It provides insights into the financial performance and demand for this critical logistics sector.
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 general freight trucking, long-distance, less than truckload establishments is an important economic indicator that reflects the overall health and activity of the long-haul freight transportation industry. It is used by economists and policymakers to analyze trends in logistics, trade, and broader economic conditions.
Methodology
The data is collected through surveys of U.S. businesses by the U.S. Census Bureau.
Historical Context
This trend is closely watched by logistics companies, shippers, and economic analysts to assess demand, pricing, and the state of the transportation sector.
Key Facts
- Trucking accounts for over 70% of total U.S. freight transportation.
- The long-distance, less than truckload segment represents a major portion of the trucking industry.
- Revenue trends reflect changes in economic activity, trade, and consumer demand.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total revenue for general freight trucking, long-distance, less than truckload establishments subject to federal income tax. It provides insights into the financial performance and demand for this critical logistics sector.
Q: Why is this trend relevant for users or analysts?
A: This trend is closely watched by logistics companies, shippers, and economic analysts to assess demand, pricing, and the state of the transportation sector, which is a key component of the broader economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of U.S. businesses by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to analyze trends in logistics, trade, and broader economic conditions, as the long-distance, less than truckload trucking segment is a vital part of the transportation infrastructure.
Q: Are there update delays or limitations?
A: There may be a delay of several months between the reference period and the release of the data, as it is collected through a survey process.
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Citation
U.S. Federal Reserve, Total Revenue for General Freight Trucking, Long-Distance, Less Than Truckload, Establishments Subject to Federal Income Tax, Employer Firms (REVEF484122TAXABL), retrieved from FRED.