Total Revenue for Truck Transportation, All Establishments, Employer and Nonemployer Firms
This dataset tracks total revenue for truck transportation, all establishments, employer and nonemployer firms over time.
Latest Value
555542.00
Year-over-Year Change
131.04%
Date Range
1/1/1998 - 1/1/2022
Summary
This economic trend measures the total revenue generated by the truck transportation industry, including both employer and nonemployer firms. It provides insight into the overall financial health and economic activity of the trucking 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 Truck Transportation, All Establishments, Employer and Nonemployer Firms is a key indicator used by economists and policymakers to analyze the performance and trends within the broader transportation and logistics industry. It offers a comprehensive view of revenue across all types of trucking businesses.
Methodology
The data is collected and reported by the U.S. Census Bureau through surveys of businesses in the trucking industry.
Historical Context
This trend is closely monitored by industry analysts, investors, and government agencies to assess the state of the economy and guide policy decisions related to transportation and infrastructure.
Key Facts
- Truck transportation is a vital component of the U.S. logistics and supply chain network.
- The trucking industry generates over $700 billion in annual revenue.
- The COVID-19 pandemic had a significant impact on trucking revenue in 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total revenue generated by the truck transportation industry, including both employer and nonemployer firms. It provides a comprehensive view of the financial performance of the trucking sector.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for understanding the overall health and activity of the transportation and logistics industry, which is a critical component of the U.S. economy. It helps analysts and policymakers assess economic conditions and make informed decisions.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through surveys of businesses in the trucking industry.
Q: How is this trend used in economic policy?
A: Policymakers and government agencies closely monitor this trend to assess the state of the economy and guide decisions related to transportation infrastructure, regulation, and other policies that impact the trucking industry.
Q: Are there update delays or limitations?
A: The data is typically released with a lag of several months, and there may be revisions to historical values as more information becomes available.
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Citation
U.S. Federal Reserve, Total Revenue for Truck Transportation, All Establishments, Employer and Nonemployer Firms (REVENF484ALLEST), retrieved from FRED.