Total Revenue for Transit and Ground Passenger Transportation, All Establishments, Employer Firms
REVEF485ALLEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
61,192.00
Year-over-Year Change
127.48%
Date Range
1/1/2009 - 1/1/2022
Summary
The 'Total Revenue for Transit and Ground Passenger Transportation, All Establishments, Employer Firms' metric tracks revenue generated by firms providing passenger transportation services, including buses, taxis, and ridesharing.
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 revenue data provides insight into the overall financial health and activity of the transit and ground passenger transportation industry, which is an important component of the broader transportation and logistics sector.
Methodology
The data is collected through surveys of employer firms by the U.S. Census Bureau.
Historical Context
Economists and policymakers monitor this revenue trend to assess consumer demand and business conditions in the passenger transportation market.
Key Facts
- Revenue data covers firms of all sizes, not just large operators.
- Trend has been impacted by the COVID-19 pandemic and related lockdowns.
- Passenger transportation is a major economic sector, employing over 2 million workers.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total revenue generated by firms providing transit and ground passenger transportation services, including buses, taxis, and ridesharing companies.
Q: Why is this trend relevant for users or analysts?
A: This revenue data provides important insights into the overall financial health and activity of the passenger transportation industry, which is a key component of the broader transportation and logistics sector.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employer firms conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this revenue trend to assess consumer demand and business conditions in the passenger transportation market, which can inform policy decisions related to transportation infrastructure, regulation, and economic stimulus.
Q: Are there update delays or limitations?
A: The data is subject to typical lags in collection and publication by statistical agencies, with a delay of several months between the reference period and data release.
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Citation
U.S. Federal Reserve, Total Revenue for Transit and Ground Passenger Transportation, All Establishments, Employer Firms (REVEF485ALLEST), retrieved from FRED.